It sounded so promising. Anyone, anywhere would be able to strap on a headset in their living room and be able to experience events anywhere in the world - or outside of it - as if they were really there.
Regions
Gulf states agree to push value-added tax project with oil low
Officials of the six-nation Gulf Cooperation Council agreed at the weekend to keep working toward the introduction of a value-added tax around the region, in a sign that low oil prices may be strengthening support for the idea.
USAA creates research team to study use of bitcoin technology
USAA, a San Antonio, Texas-based financial institution serving current and former members of the military, is studying the underlying technology behind the digital currency bitcoin to help make its operations more efficient, a company executive said.
Fiat Chrysler CEO says met with Tesla, Apple CEOs
Fiat Chrysler Chief Executive Sergio Marchionne said on Saturday that he had visited the heads of Tesla Motors Inc and Apple Inc during a recent trip to California.
Swiss economy defies doomsayers, weathers franc shock
When the Swiss central bank abandoned its cap on the franc back in January, corporate Switzerland warned of an economic "tsunami" that would hit exports, hammer jobs and plunge the Alpine nation into a deep recession.
Latest News
China will increase its healthcare subsidies by 19 percent this year as part of efforts to deepen social reforms and strengthen safety nets, the government said on Saturday.
With optimism building that the United States is already recovering smartly from another horrible start to the year, focus will shift this week to reports that may show the euro zone is finally shaking off half a decade of torpor.
China's central bank cut its benchmark interest rate on Sunday for the third time since November, as economic growth cools to levels not seen since the global financial crisis.
China's trade position is expected to improve in the second half the year, the country's Commerce Ministry said, playing down concern sparked by recent dismal trade figures.
A top EU official urged Athens and its creditors to make progress in their talks on a cash-for-reform deal on Monday, warning there was no "Plan B" in the event of a Greek default.
Toyota Motor Corp (7203.T) and Mazda Motor Corp (7261.T) are in talks to expand their technology partnership to fuel-cell vehicles (FCVs), sources said on Saturday, as global automakers face rising costs to comply with stricter emission regulations.
TPG Capital TPG.UL is in advanced discussions to buy commercial property brokerage Cushman & Wakefield Inc from Exor SpA (EXOR.MI) for about $2 billion, and an agreement could be announced as soon as next week, Bloomberg reported on Saturday, citing people familiar with the matter.
Chinese e-commerce giant Alibaba Group Holding Ltd (BABA.N) has reached a 9.2 percent stake in U.S. on-line retailer Zulily Inc (ZU.O), after sweeping up shares at rock-bottom prices last week.
Advisory firm ISS has recommended that BMW (BMWG.DE) shareholders should vote against the appointment of outgoing chief executive Norbert Reithofer as chairman of the carmaker's supervisory board, newspaper Frankfurter Allgemeine Sonntagszeitung reported.
