International Business Knowledge

​Rome, Jan 16 (IANS/AKI) The world's largest glasses maker Luxottica has agreed to a 46 billion euro merger with rival French eye wear firm Essilor to create a global colossus with revenues of more than 15 billion euros, the firms said on Monday.

Colombo, Jan 15 (IANS) Sri Lanka is building a mega port city project in its capital Colombo that will transform the country into an international financial and business hub in the Indian Ocean region in the coming years.

​Beijing, Jan 13 (IANS) China has established cooperation ties in science and technology with 158 countries and regions in the world, the Ministry of Science and Technology said on Friday.

​Las Vegas, Jan 11 (IANS) Not just smartphones, convertibles or cameras, it was time for ground-breaking products in 5G technology, self-driving vehicles, digital health, Artificial Reality (AR), Virtual Reality (VR), robotics and machine learning to be showcased at the world's biggest annual electronics event here.

​Seoul, Jan 10 (IANS) Auto exports in South Korea posted a double-digit decline in 2016 amid soft demand for cars globally, labour strikes at key domestic carmakers and expanded production in overseas factories, a government report showed on Tuesday.

Tokyo, Jan 10 (IANS) Japanese vehicle manufacturer Toyota Motor will invest at least $10 billion in the US over the next five years, a company spokesperson said on Tuesday.

The plan comes just days after US President-elect Donald Trump threatened Toyota with high taxes if it was to produce in Mexico and export to the US, Efe news reported.

Beijing, Jan 9 (IANS) High-income earners in China, who have emerged since the reforms of 1978, number over 80 million, a media report said on Monday.

Forty-eight million of these are managers or technicians at private and foreign-funded companies, 14 million are from intermediary and social organisations, 11 million are

​Beijing, Jan 9 (IANS) Fast food giant McDonald's will set up its largest franchisee outside the US in China.

The US food chain on Monday announced it would partner with a group of investors, making the new company the largest franchisee outside America, Xinhua news agency

​Beijing, Jan 8 (IANS) China's digital economy is predicted to create over 400 million jobs by 2035, a report has revealed.

Internet-based economy could be worth $16 trillion by then, according to a Boston Consulting Group report, released at a new economy summit sponsored by Alibaba Group on

​Beijing, Jan 7 (IANS) China has a total of 734 million 4G mobile users, and 5G commercial operations will be launched in 2020, the Ministry of Science and Technology (MOST) announced.