New York / AFP The yen weakened sharply amid reports that the Bank of Japan (BOJ) is mulling cutting the rates on some loans to banks into negative territory. Such a move would support the banks’ earnings but also serve as stimulus by possibly pushing more money into the economy. The news sent the yen tumbling 2.1 percent against the ...

  BLOOMBERG Svenska Handelsbanken AB needs to take a bigger share of the wealth market to reach its ‘natural’ size in the business area, according to its chief executive officer, Frank Vang-Jensen. The bank is buying Dutch firm Optimix, which will add about $2.3 billion to its assets under management. Vang-Jensen says he also wants to invest more in 10 ...

  Natendorf, Germany / DPA Two polar bears, Nanuq and Sprinter, play in their zoo enclosure: Using their powerful teeth and enormous claws, they press a white ball under the water and then let it shoot up again to the surface. The bears, both males weighing around 500 kilograms and measuring 3 metres in length, are comparable to teenaged human boys ...

  New York / AP Walking through most doors at the Tribeca Film Festival means taking a seat in a theater full of chattering moviegoers. But there are also darkened, cloth-wrapped chambers — like old carnival booths promising never-before-seen wonders — that offer nothing but a headset, headphones and perhaps some advice, like: “Watch for the dragon.” Virtual reality has steadily ...

  London / AFP A plaque was unveiled in central London on Thursday, marking the place where William Shakespeare lodged in the city, in time for the 400th anniversary of the playwriter’s death. Actress Fiona Shaw read out Shakespeare’s “Sonnet 55”, while hand bell ringers and a children’s choir performed. “William Shakespeare had lodgings near here in 1604, at the house ...

  JASON DEAREN/ AP Wearing black headsets with tentacle-like sensors stretched over their foreheads, the competitors stare at cubes floating on computer screens as their small white drones prepare for takeoff. “Three, two, one … GO!” the announcer hollers, and as the racers fix their thoughts on pushing the cubes, the drones suddenly whir, rise and buzz through the air. ...

  Relaxnews The American startup Magic Leap has released a spectacular video showing a virtual screen superimposed over a real-world environment. This is seen used for work, entertainment and online shopping while the user moves around their home or office without being cut off from surroundings. Companies including Google, Alibaba and Qualcomm have already invested in the project. The somewhat ...

  Relaxnews The latest update to Microsoft’s Outlook Android app brings compatibility with Android Wear. Owners of Android-based wearables can now join their Apple Watch-wearing counterparts in receiving Outlook notifications directly on their watches. With Microsoft’s updated Outlook app, owners of smartwatches running Android Wear software can get email notifications, read messages and reply to them directly by voice or ...

  AFP A Google empire built on search has shifted attention to high-speed Internet networks, 360-degree video broadcasting and other bets as parent company Alphabet logged disappointing earnings. Alphabet said net income hit US$4.2 billion in the first three months of this year, but shares sank more than five percent to US$714 in after-market trades that followed release of the ...

  Relaxnews Windows has announced the release of the new PC and mobile OS build, allowing users — among other updates – to try out Windows Ink, a hub for writing and sketching apps. As part of the new Windows 10 Build 14328, users will be able to test the system’s new features, most notably Windows Ink, whose workspace includes ...