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Qatar lifts controversial exit visa system for workers
Qatar amended its residency laws on Tuesday to allow foreign workers to leave the country without exit permits from their employers, a provision which labour rights groups have long said should be abolished.
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Fortis brothers fallout! Shivinder Singh drags elder brother Malvinder Singh to court
The case comes in the wake of financial troubles at the group businesses RHC Holding, Religare Enterprises and hospital chain Fortis Healthcare.
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Amazon becomes 2nd US company to hit $1 trillion market value milestone
Amazon.com Inc on Tuesday became the second U.S. company to reach $1 trillion in stock market value, just weeks after Apple Inc hit the same milestone on Aug. 2.
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ING to pay $900 million to settle Dutch money laundering case
Dutch bank ING Groep NV will pay 775 million euros ($900 million) in a settlement with prosecutors, who accused its financial controls of being so poor that customers were able to easily launder money.
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Amazon India unveils Hindi website, app in battle with Flipkart
Amazon.com on Tuesday launched a Hindi version of its mobile website and app for Android smartphones in a bid to make deeper inroads into India’s fast-growing e-commerce market, stepping up its battle with Walmart’s Flipkart unit.
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Asian shares hit by trade friction, emerging market tumult; dollar up
MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.3 percent. Chinese blue-chips also fell 0.3 percent, reversing earlier gains.
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Indian airlines’ losses could reach upto $1.9 billion this year; CAPA India lists these two reasons
India is one of the cheapest domestic airline markets in the world and promotions such as $50 one-way tickets on the two-hour flight from Mumbai to Delhi are easy to find.
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US President Donald Trump warns Syria not to ‘recklessly attack’ Idlib province
U.S. President Donald Trump on Monday warned Syrian President Bashar al-Assad and his allies Iran and Russia not to “recklessly attack” Syria’s rebel-held Idlib province, warning that hundreds of thousands of people could be killed.
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In India, Google races to parry the rise of Facebook
Facebook’s success has shaken Alphabet Inc’s Google, led by an Indian-born CEO, Sundar Pichai, who has made developing markets a priority.
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US Police probe JD.com CEO Richard Liu over sexual misconduct accusation
The billionaire CEO of Chinese e-commerce giant JD.com Inc, Richard Liu, was arrested in the U.S. state of Minnesota on suspicion of criminal sexual conduct and later released, and police said an investigation is ongoing.
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Myanmar judge jails Reuters reporters for seven years in landmark secrets case
A Myanmar judge on Monday found two Reuters journalists guilty of breaching a law on state secrets and sentenced them to seven years in prison, in a landmark case seen as a test of progress towards democracy in the Southeast Asian country.
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Asian stocks dip on rising US-China trade war fears, emerging market woes
Asian stocks dropped for the third consecutive session on Monday, hit by worries over further escalation of the U.S-China trade war and unstable emerging market currencies.
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Storm warning for U.S. Gulf Coast as potential cyclone nears
The National Hurricane Center issued a tropical storm watch on Sunday for parts of the U.S. Gulf of Mexico Coast as a potential tropical cyclone bringing heavy rains and strong winds was expected to hit the area this week.
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Massive fire tears through Rio’s 200-year old National Museum
A massive fire raced through Brazil’s 200-year-old National Museum in Rio de Janeiro on Sunday, probably destroying its collection of more than 20 million items, ranging from archeological finds to historical memorabilia.
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Amid US trade war, China’s Xi reiterates reform commitment
China is still determined to reform and wants to work with all parties to build an open world economy, Chinese President Xi Jinping said on Sunday, reiterating Beijing’s message amid a bitter trade war with Washington.
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United States halts funding to UN agency helping Palestinian refugees
The United States on Friday halted all funding to a U.N. agency that helps Palestinian refugees in a decision further heightening tensions between the Palestinian leadership and the Trump administration.
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India’s fiscal deficit reaches 86.5% of full-year target in 4 months: Rs 5.4 trillion in April-July period
India reported on Friday a fiscal deficit of 5.4 trillion rupees ($76.12 billion) for April-July, or 86.5 percent of the budgeted target for the current fiscal year compared with 92.4 percent a year earlier.
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Saudi Arabia plans to turn Qatar into an island; here is what it plans to do
A senior Saudi official on Friday appeared to confirm local media reports that the kingdom is considering digging a canal to separate the Qatari peninsula from the mainland and turn it into an island, amid a year-long dispute between the neighbours.
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Government’s fiscal target gets tougher; SAIL refuses to pay dividend citing financial difficulties
SAIL was due to pay out Rs 21.71 billion including tax to the government based on its “net-worth” last fiscal year.
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Former Australian PM Malcolm Turnbull resigns from Parliament, government loses majority
Australia’s former prime minister Malcolm Turnbull on Friday resigned from parliament, a source familiar with the matter said, stripping the government of its one-seat parliamentary majority.
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Coca-Cola to acquire Costa Coffee in a mega $5 billion deal
Britain’s Whitbread Plc said on Friday it had agreed to sell coffee chain Costa to Coca Cola for an enterprise value of 3.9 billion pounds ($5.1 billion).
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New Pollution Standard in Germany outlaws half of Volkswagens’ Cars!
Cars in the European Union must comply with the new Worldwide Harmonised Light Vehicle Test Procedure (WLTP) from September, but Volkswagen has only gained regulatory clearance for seven of its 14 main model lines.
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Indian stock markets set for new highs: Biggest risk to Sensex, Nifty – ‘crude oil’ and ‘election’
Indian shares will hit a new record high by year-end despite being rated as expensive, strategists polled by Reuters said, citing high oil prices and election uncertainty as the biggest downside risks to the main index.
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Japan’s military seeks record spending to reinforce North Korea missile defences
Japan’s military wants record spending next year to help pay for major upgrades to defences designed to shoot down North Korean ballistic missiles that Tokyo sees as a continued threat despite Pyongyang’s promise to abandon nuclear weapons.
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US, Canada make late-night push for NAFTA; no deal yet
Top NAFTA negotiators from Canada and the United States wrapped up a third day of two-way talks on Thursday
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Washington to bid farewell to the late Senator John McCain
It’s Washington’s turn to say goodbye to the late Senator John McCain.
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Gold prices edge up, but still set for longest monthly losing streak since 2013
Gold prices inched up on Friday but remained on course to rack up their longest monthly losing streak since 2013.
