India hopes to get gain a competitive edge over Bangladesh to emerge as a trade partner of Walmart and other American retailers in the textile sector, especially since North American retailers are unhappy with the fire-and-safety agreement proposed by Dhaka. "While we agree with much of the proposal, the industrial plans also introduce requirements, including governance and dispute resolution mechanisms, on supply chain matters that are appropriately left to retailers, suppliers and government,...

Few first-time participants at the Electronic Entertainment Expo (E3) in Los Angeles this week would have realised that the $66 billion videogames industry is in steep decline. Microsoft Corp, Sony Corp, Electronic Arts and other industry giants whipped up the crowd of gamers and developers at the event into a frenzy, with displays of high-powered new consoles and previews of popular genre games. For an industry accustomed to dwindling revenue in recent years, the pervasive visual pyrotechnics...