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Britain moves closer to becoming a cashless society

BRITAIN is using less cash than ever before as the march of electronic and card payments continues.

Notes and coins lost the crown as the most popular form of payments in Britain for the first time last year, according to data from the Payments Council.

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Politics

China to take ‘up to 30 per cent stake’ in AIIB

Proposal put forward at a meeting of the lender’s founders to discuss the running of the international development bank, according to sources

China will probably take a 25-30 per cent stake in the Asian Infrastructure Investment Bank and India is likely to be the second-largest shareholder, delegates attending a meeting of the lender’s founding members said on Friday.

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Politics

Pacific trade deal: Fast-track measure will pass 'this week', McConnell says

Majority leader praises President Obama over Trans-Pacific Partnership as Congressman Paul Ryan suggests momentum will carry to House

Republican majority leader Mitch McConnell said on Sunday the Senate will pass “fast-track” authority to negotiate major trade deals this week, despite opposition to the measure from many of President Barack Obama’s fellow Democrats.

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Politics