World Business News

Yum Brands, which runs the KFC, Pizza Hut and Taco Bell restaurant chains, has seen third quarter profits soar 23%, boosted by strong sales in China.

JOHANNESBURG: Sub-Saharan Africa is poised to enjoy the type of high growth rates not seen outside Asia in the next few years, the International Monetary Fund said Monday, as the region's unbridled economic rise continues.

Wal-Mart Stores is taking another leap into the banking world, offering a prepaid card and debit account with American Express that will give low-income consumers access to features like deposits by smartphone.

SINGAPORE: China is set to become the world's second biggest market for luxury goods after the United States in five years, overtaking France, Britain, Italy and Japan, an industry report said Tuesday.