US election 2020 US President Donald Trump has a Chinese bank account and spent years pursuing business projects in the country, the New York Times has reported. The account is controlled by Trump International Hotels Management and paid local taxes between 2013 and 2015. It was set up “to explore the potential for hotel deals […]
Coronavirus pandemic China’s economy continues its recovery from the Covid-19 pandemic according its latest official figures. The world’s second-biggest economy saw growth of 4.9% between July and September, compared to the same quarter last year. However, the figure is lower than the 5.2% expected by economists. China is now leading the charge for a global […]
The Washington Post said it “marked the latest example of the bitter religious divide sweeping India under the hard-line Hindu nationalist government led by Prime Minister Narendra Modi.” By Akshita Jain Tanishq withdrew its ad on interfaith love after it created a furore, but the company continues to face backlash. A Tanishq showroom in Gandhidham […]
By Gabriela Baczynska BRUSSELS (Reuters) – The European Union and Britain are set to prolong Brexit talks past a mid-October deadline to try bridge stubborn gaps holding up a new trade agreement, according to sources and documents. As the year-end deadline for a pact on relations with Britain nears, EU leaders meeting on Thursday and Friday […]
By Nidhi Verma NEW DELHI (Reuters) – India is “treading very cautiously” in its plan to privatise state-run oil refiner Bharat Petroleum Corp Ltd, Oil Minister Dharmendra Pradhan said on Tuesday, in a sign that the process could be delayed. New Delhi’s plan to sell its 53.29% stake in BPCL was first announced in November 2019, […]
By Simon Johnson STOCKHOLM (Reuters) – U.S. academics Paul Milgrom and Robert Wilson won the 2020 Nobel Economics on Monday for work on auctions hailed as benefiting buyers and sellers around the world of everything from fishing quotas to aircraft landing slots. prize in economic sciences Among the insights of the two Stanford University economists is […]
By Reuters Staff (Reuters) – U.S. commercial bankruptcy filings are up 33% so far this year with new cases in September surging by 78% from a year earlier as the recession triggered by the COVID-19 pandemic hits small businesses, data released on Monday showed. Filings by individuals, however, are lower so far this year courtesy of […]
By Peter Hoskins Business reporter As an already reeling music industry is hit by the coronavirus, the owner of UK publication NME says the pandemic has brought challenges and opportunities. Singapore-based BandLab also owns music brands ranging from guitar-making to retail and digital platforms. The virus came at a time of already seismic change for […]
All seven members of South Korean K-pop group BTS are set to become multi-millionaires, when their label Big Hit Entertainment goes public in October. Soaring demand for shares in Big Hit has given it a market valuation of £3.2bn ($4.1bn), with shares priced at the top of the expected price range. Big Hit boss Bang […]
By Neha Arora, Mayank Bhardwaj NEW DELHI (Reuters) – India’s president on Sunday approved three controversial agricultural bills amid nationwide protests by farmers who say the new laws will stunt their bargaining power and instead allow large retailers to have control over pricing. Farmers’ organisations say one of the three laws could lead to the government […]
