New Delhi / AFP India’s central bank on Wednesday rolled back an order restricting deposits of banned rupee bills into bank accounts, after the move sparked a huge public backlash. Prime Minister Narendra Modi unleashed chaos last month with his shock move to withdraw high-denomination 500 ($7.50) and 1,000 rupee notes from circulation, in an effort to tackle widespread ...

  Luxembourg / AFP The European Court of Justice ruled on Wednesday that Spanish banks must reimburse clients who had signed mortgage contracts that unfairly prevented them from benefiting from a steady drop in interest rates. The decision by the Luxembourg-based court caused shares in Spanish lenders to fall with small lender Liberbank leading losses, down over ten percent in ...

  Bloomberg Turkey’s central bank unexpectedly kept all of its three main interest rates unchanged, and said a “cautious monetary policy” would be maintained as it assesses the impact of a weaker lira on inflation. The lira reversed gains. The bank kept one-week repurchase, overnight lending and borrowing rates unchanged at 8 percent, 8.5 percent and 7.25 percent respectively, it ...

  Dubai / Emirates Business For the third consecutive year, Global Investor, the leading international publication specialising in asset management, named Barclays the ‘Wealth Manager of the Year’ in the Middle East. The award, which was announced during the 2016 Global Investor/ISF MENA Awards ceremony in Dubai, reflects Barclays’ long-standing position as a leader in the Wealth and Investment Management ...

  Bloomberg Deutsche Bank AG, the lender pulling back from some trading businesses, is beefing up its Asia-Pacific equity-derivatives unit as it looks to capitalize on expected demand for quantitative strategies from local investors. David Bruchet, formerly of Societe Generale SA, will join the German bank in Hong Kong as an index equity-derivatives trader at the end of January, said ...

  Bloomberg When the spindle broke off his wife’s sewing machine, Michael Sorkin refused to replace the device. Instead, he bought a 3-D printer and built the part himself. Four years later, he’s using the technology to change how to make the Swiss watch you might get for Christmas. On a rainy afternoon in Sorkin’s company’s dimly lit office in ...

  Sydney/ AFP An underwater robot has captured a rare glimpse beneath the Antarctic sea ice, revealing a colourful world filled with coconut-shaped sponges, dandelion-like worms, pink algae and spidery starfish. The Australian Antarctic Division (AAD) took footage on a camera attached to a Remotely Operated Vehicle sent down by scientists through a small hole drilled in the ice as ...

  Relaxnews Until charging points are as plentiful as gas stations and topping up batteries as fast as filling a traditional fuel tank, many will still think twice about buying an electric car. But what if every time an electric car was stationary its batteries were automatically charging? GM has just become the first US carmaker to deliver on its ...

  Realxnews Australian tech firm HButler is showcasing a new line of ladies’ purses and handbags that can recharge a smartphone at January’s Las Vegas consumer technology show (CES). “Fashion and form are important, but so too is function — the modern-day accessory needs to not only hold your personal tech items, but keep them charged and ready for use,” ...

  Relaxnews The LG ProBeam will be marketed as a compact consumer projector with professional performance when it goes on sale after its global debut at CES 2017 this January. Though LG has built a solid reputation for the quality of its high-end LED projectors, this new device is the first that it has built specifically for use in and ...