Visa beats profit estimates on travel, online spending boom
- 27-Oct-2021
Visa’s quarterly profit topped Wall Street expectations on Tuesday, as a recovery in travel and an improving global economic picture drove volume growth at the world’s largest payment processor. But cross-border travel was still well below pre-pandemic levels, Visa said, with regions such as the Asia Pacific remaining closed. “Our business has been on a […]
Income, education tied to physical function in old age: study
- 26-Apr-2018
NEW YORK: People with lower socioeconomic status may have fewer years of good physical functioning in old age than their more affluent, educated counterparts, a recent study suggests. Researchers examined data on socioeconomic status, chronic medical problems, and walking speed – a proxy for physical functioning – for 109,000 adults ages 45 to 90 from […]
Spend more on schooling to reduce inequality, IMF says
- 11-Oct-2017
WASHINGTON: Tackling disparities in education is crucial to reducing global income inequality, the International Monetary Fund said on Wednesday, urging governments to spend more on schooling for disadvantaged children. In a report, the IMF said that over the past three decades, 53 percent of countries had become more unequal but experiences varied widely. Global inequality […]
Donald Trump claims net worth of more than $10 billion
- 18-May-2016
WASHINGTON: Republican presumptive presidential nominee Donald Trump claimed again Tuesday that he is worth "in excess of $10 billion" -- more than twice the level of independent estimates.
Italy set to double baby bonus to fight birth rate ‘apocalypse’
- 15-May-2016
ROME: Italy's health minister is proposing doubling a 'baby bonus' incentive for couples to have more children to combat what she calls a catastrophic decline in the country's birth rate.
Messi remains world’s top paid footballer
- 11-Apr-2016
PARIS: Argentina and Barcelona star Lionel Messi remains the world's highest paid footballer with an annual income of 74 million euros ($84.3 million, £59.3 million), according to a report set to appear in Tuesday's edition of France Football magazine.
India turns to corner shops, mobile phones for banking revolution
- 26-Jan-2015
NEW DELHI: India is betting that mobile phone vendors, fuel stations and corner stores can help it put basic banking within the grasp of hundreds of millions of its poor people living beyond the reach of traditional bank branches.
Scotland to be granted income tax autonomy
- 27-Nov-2014
LONDON: Scotland is set to get sweeping new powers including setting its own income tax rates, under plans unveiled Thursday by a cross-party commission on greater devolution.
China blames rise in violence on drug smuggling from Southeast Asia
- 19-Nov-2014
BEIJING: An increase in the smuggling of synthetic drugs like methamphetamine from Southeast Asia has fueled a rise in violent crime in China this year, a state-run newspaper reported on Wednesday.