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(MENAFN - AFP) Germany's cabinet agreed on Wednesday to cap ballooning property rents in high-demand urban neighbourhoods in a law set to come into force early next year.

In order to keep city rents broadly affordable, landlords will be barred from raising them by more than 10 percent above the local average for new tenants.

The law aims to alleviate exorbitant rental ...

 
(MENAFN - AFP) Asian markets were mixed Wednesday, with Japan's Nikkei giving up earlier gains despite a surprise pick-up in business confidence and the dollar's breaching of the 110 yen level for the first time since 2008.

The dollar extended its run-up despite weak US indicators, but profit-taking in the afternoon saw it pare those gains. The euro continued to struggle ...

 
(MENAFN - AFP) Samsung on Wednesday rejected claims that its new oversized smartphone had a defect, after some customers posted pictures of a gap between the frame and display panel.

The South Korean electronics giant, which had poked fun at rival Apple over reports that its new iPhone model was susceptible to bending, said the "Gapgate" complaints concerning the Galaxy Note ...

 
(MENAFN - AFP) Chinese manufacturing growth stalled in September, authorities said Wednesday, as the world's second-largest economy continues to grapple with ways to address slowing expansion.

The official purchasing managers index (PMI) came in at 51.5 in September, the National Bureau of Statistics said in a statement.

The figure was unchanged from August and slightly ...

 
(MENAFN - AFP) Japanese business confidence improved in the three months to September after it sagged following a sales tax hike in April, a quarterly study from the Bank of Japan showed Wednesday.

The Tankan survey showed confidence among large manufacturers stood at plus 13, up by one point from the previous quarter, against the market forecast of plus 10.

The business ...

 
(MENAFN - AFP) A new battle is brewing over privacy for mobile devices, after moves by Google and Apple to toughen the encryption of their mobile devices sparked complaints from law enforcement.

The issue is part of a long-running debate over whether tech gadgets should have privacy-protecting encryption which makes it difficult for law enforcement to access in time-sensitive ...

 
(MENAFN - AFP) South Korean inflation grew at its slowest rate for seven months in September, helped by stable prices of food and healthcare services, state data showed Wednesday.

The consumer price index rose 1.1 percent from a year ago, following a 1.4-percent increase in August, the state-run Statistics Korea said.

It was the slowest pace since February when it ...

 
(MENAFN - AFP) Social news sharing site Reddit on Tuesday announced it had raised $50 million from investors who agreed that, this time, members of its community would get a piece of the action.

The infusion of funding led by Y Combinator president Sam Altman and joined by rapper Snoop Dogg reportedly gives Reddit a valuation of about $500 million.

Y Combinator is a ...

 
(MENAFN - AFP) The European Union on Tuesday decided to keep in place biting economic sanctions on Russia over its alleged backing of pro-Kremlin insurgents who have largely ignored a four-week Ukrainian truce.

The bloc's announcement came just moments before NATO reported the continued presence of "hundreds" of elite Russian soldiers in the war-torn former Soviet nation's ...

 
(MENAFN - AFP) A manufacturing fault has been discovered in the Eurofighter Typhoon warplanes, Germany said Tuesday, announcing it was suspending deliveries of the sophisticated jets.

The news was another blow to the troubled and costly Eurofighter programme -- and raised concerns over the use of the planes.

According to Germany's defence ministry, the defect discovered ...

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