Five of the world’s biggest banks are expected to be hit with a combined bill of more than $5 billion and criminal charges on Wednesday in a settlement with U.S. and British authorities over rigging of currency markets. It will mark another dark day for an industry trying to put …

No one wants to stick out as a tourist when they travel because of what they wear. But fashion trends vary from city to city, making it tough to know what to wear in different destinations. To avoid those awkward fashion mishaps, we’ve broken down what locals wear in 25 cities …

With a few clicks on a keyboard and a swipe of the mouse, we have access to an unprecedented amount of information the likes of which humanity has never seen before. But if you have a slow internet connection speed, then waiting for that page to load, that video to …

About 55.7 per cent of retailers in Dubai are international brands while the city attracted 45 new global brands last year. Dubai has been named the second most important international shopping destination globally for the fourth consecutive year, according to a report by real estate consultancy CBRE. About 55.7 per cent …

The world’s first battery-powered electric ferry, Ampere, has entered service sailing between Lavik and Oppedal on the Sognefjord, Norway. Operated by Norled, the Norwegian shipping company, the venture is a major step in the evolution of emission-free ferries and significantly reduces the cost of fuel. In conjunction with shipbuilder Fjellstrand, …

The Walt Disney Co. opened its first Disney Store in China, getting started on a major expansion into the world’s second-largest economy. The store, at 9,257 square feet, is Disney’s largest in the world, the company said Wednesday in a statement. It is located in Shanghai’s Pudong district, where Disney …

Three of the top 10 business schools in the world are based in the UK, according to a new university ranking guide. The QS world universities rankings for 2015 has named London Business School as the world’s top university for business and management studies, based on a combination of its …

Billionaire investor George Soros said flatly that he’s concerned about the possibility of another world war. Much depends on the health of the Chinese economy, Soros said in remarks at a Bretton Woods conference at the World Bank. If China’s efforts to transition to a domestic-demand led economy from an export …

Some 61 mn fewer people were employed in 2014 than there would have been had pre-crisis employment growth trends continued. The global financial crisis of 2008-10 had a big impact on jobs. Employment growth has stalled at a rate of about 1.4 per cent per year since 2011. While this …

Georgian National Library to think up and develop a “digital museum” where public and private works of art will be stored digitally. The idea is authored and hatched by the Georgian National Library. The project creators are collecting works of art by Georgian classic artists, as well as contemporary ones …

For Americans, there are cheaper vacations in Europe and lower-priced imports. A Chinese factory is selling fewer goods in Europe. A U.S. toymaker’s exports are being squeezed. A German winery says overseas demand is up. In the months since the U.S. dollar began rising in value against other currencies, the consequences …

Iran is ready to build power plants and transmission lines in Georgia, said Houshang Falahatian, the Iranian deputy energy minister. He made the remarks in a meeting with Georgian Deputy Energy and Natural Resources Minister Mariam Valishvili in Tehran, Mehr news agency reported. Iran’s electricity network can be connected to Georgia’s …