World Business News

Samsung Group, which includes Samsung Electronics Co, said on Tuesday it is raising its 2012 investment to a record $41.4 billion, as the South Korean conglomerate seeks to consolidate its leading position in mobile chips and flat screens.

China aims to expand its foreign trade by around 10 percent year-on-year in 2012, a much slower growth from 2011 as the country faces a "grim situation" in boosting exports, a senior official said Saturday.

Already a big player in India, flying to 10 cities, the UAE's flag carrier Emirates hopes the next bilateral pact between the two sides will remove air pockets to facilitate more capacity and routes to India to utilise the full potential.

In a few months, Delhi Metro commuters will not have to stand in long queues to get their smart cards recharged with the Delhi Metro Rail Corporation (DMRC) planning to introduce new automatic fare collection gates where the cards can also be topped up.