The increase to 42.7% from 35.9% in the tax rate on annual earnings over 50 million rupees ($730,000), announced in the first annual budget after Prime Minister Narendra Modi’s reelection, has a more vocal victim: overseas
It lasted all of five hours — and hit just the spot on New York’s power system to take out the lights in Times Square, force the evacuation of Madison Square Garden in the middle of a Jennifer Lopez concert and bring
Cargo from the U.S. to China going through the key waterway has slumped this year as the Asian giant cuts its imports of American food and fuel, according to Panama Canal Authority CEO Jorge Luis Quijano.
Across Asia and Europe, factory activity shrank in June while the U.S. showed only a meagereconomic expansion. Asia is the world’s growth engine and contributes more than 60% of global GDP, according to the International Mo
Ford’s in autonomous vehicles, allowing both to “address these challenges in a more capital-efficient manner.” Broader cooperation will force other mass-market carmakers to “seek more synergies” to remain competitiv
In the review, the IMF said that the ECB “should consider further accommodative measures” if the inflation outlook deteriorates. It added that a deeper downturn may require fiscal support for the economy.
Alexandria Ocasio-Cortez, a rising star in the progressive wing of the Democratic Party, asked the Fed boss about the Phillips Curve, a theory used as a guide by monetary policy makers for decades. It suggests there’s a tra
The move heads off a potential showdown with investors at the company’s annual shareholder meeting on July 23. Institutional Shareholder Services, one of the most influential proxy advisers, had recommended that Vodafone sh
The Lyon-based company, which competes with Switzerland’s Weleda AG and others in the market for homepathic remedies, has seen its stock price lose about 20% in the past two months amid apprehension over the government’s
Amazon.com Inc. warehouse workers in Minnesota plan to strike during the online retailer’s summer sales extravaganza, a sign that labor unrest persists even after the company committed to paying all employees at least $15 a