World economy
US now says no change in H-1B extension rules
09 Jan 2018
The US Citizenship and Immigration Services has clarified that the Trump administration is not considering any proposal that would force H-1B visa holders to leave the country, giving a big relief to Indian technology employees under US work visa
Rohingya insurgents regrouping to fight Myanmar state: report
08 Jan 2018
The Arakan Rohingya Salvation Army (ARSA) did not reveal the whereabouts of its leader Ata Ullah, but Myanmar suspects the insurgents who fled to Bangladesh have slipped back into Myanmar to launch attacks
Iceland becomes first nation to legislate equal pay for women
05 Jan 2018
Iceland has set an example in the new year for the world to follow, or so at least women would agree. A law which came into effect on 1 January makes it mandatory for companies to demonstrate that they pay their female and male employees equally
US to suspend $1.3 bn a year military aid to Pakistan
05 Jan 2018
The aid could be resumed if Pakistan takes ‘decisive action’ against the Afghan Taliban and the Haqqani network, the US said, but Mumbai attacks mastermind Hafeez Saeed and his LeT did not factor in the decision
Trump threatens to sue Steve Bannon over book revelations
04 Jan 2018
The damning portrait of White House infighting and presidential incompetence has become the top bestseller on Amazon, and prompted President Trump to say his former aide 'has lost his mind'
President Rouhani accepts Iranians’ right to protest, calls for peace
01 Jan 2018
From the capital, Tehran, to Kermanshah in the west and the holy city of Qom in the north, Iranians defied police to vent frustration against a government that allows limited space for dissent.
Goldman to take $5bn hit from new tax regime, but gain ultimately
30 Dec 2017
As a result of the new tax changes introduced by President Trump, Goldman Sachs expects to report a loss for the last quarter of 2017, even though ultimately banks will be among the largest beneficiaries of the new tax code
China’s digital leap poised to dominate global competitiveness: McKinsey
30 Dec 2017
China, already a global force in digital technologies, is set to experience huge shifts in revenue and profits as businesses digitize, boosting the economy’s international competitiveness, says a new report from McKinsey Global Institute
Trump fires HIV/Aids council
30 Dec 2017
Trump says China ‘caught red handed’ supplying oil to N Korea
30 Dec 2017
A US-drafted UN resolution seeks to ban nearly 90 per cent of refined petroleum exports to North Korea in response to Pyongyang's efforts to develop nuclear-tipped missiles capable of hitting the United States
India to officially protest presence of Palestine envoy at Hafiz Saeed meet
30 Dec 2017
India has not taken kindly to the attendance of Palestine’s ambassador to Pakistan at a rally with Lashkar-e-Taiba founder Hafiz Saeed on Friday
Automation likely to hit UK’s poorest hard: IPPR
29 Dec 2017
World’s richest 500 have grown richer by $1 trillion this year
28 Dec 2017
Amazon founder Jeff Bezos is the world’s richest man with a net worth of $99.6 billion as his fortune increased by $34.2 billion this year; Microsoft’s Bill Gates is second after giving large amounts to charity
China, Pakistan look to offload part of $57 bn CPEC on Afghanistan
27 Dec 2017
China and Pakistan are using an appropriate means to extend the China-Pakistan Economic Corridor to Afghanistan, Chinese foreign minister Wang Yi said on Tuesday
VAT to make UAE, 5 other GCC countries costlier by 5%
27 Dec 2017
So far tax-free UAE and five other GCC members will introduce VAT at five per cent beginning 1 January 2018 as they seek to revitalise their economies
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