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World / Business Standard

Trump admin mulls five-fold increase in merit-based immigration to 57%

At the direction of Trump, Kushner is leading the immigration reform project, which he said was now into its final stages and expects to make it public soon

17 Jul 2019 5:40 am
France moves to tax digital giants, urges G7 to find international solution

France's new law aims to plug a taxation gap that has seen some internet heavyweights paying next to nothing in countries where they make huge profits as their legal base is in smaller EU states

17 Jul 2019 12:00 am
Afghanistan: 22 Taliban terrorists, 1 civilian killed in counter terrorism op

Twenty-two Taliban terrorists and one civilian were killed in a counter-terrorism operation launched by the Special Operation Forces of Afghan National Police in country's eastern province of Logar, country's Ministry of Interior Affairs said on Tuesday.The special operation also included airstrikes, conducted on Monday night on Taliban hideouts situated in the Kamalkhil village of the Mohammad Agha district, reported Xinhua News Agency.While the ministry says that one child was killed and a wom

16 Jul 2019 6:06 pm
US passes bill to impose sanctions on Saudi officials involved in Khashoggi murder

United States' legislators on Monday unanimously passed a bill that will impose sanctions on Saudi officials involved in the murder of journalist Jamal Khashoggi.Introduced by Congressman Tom Malinowski, the House of Representatives passed the Saudi Arabia Human Rights and Accountability Act by a whopping 405 votes.The Act requires the director of National Intelligence to publicly identify persons who were involved in the murder of the dissident journalist in the Saudi consulate in Turkey last y

16 Jul 2019 4:32 pm
Pak NAB to freeze Shehbaz Sharif's properties in disproportionate assets case

The National Accountability Bureau (NAB) has started a process to freeze properties belonging to Pakistan Muslim League-Nawaz (PML-N) president Shehbaz Sharif in a case of disproportionate assets, Express Tribune reported on Tuesday.According to a source, the NAB is planning to write to various departments including excise and taxation, revenue and district administrations in this regards.Shehbaz, 67, served as the chief minister of the politically crucial Punjab province from 2013 to 2018. He b

16 Jul 2019 3:44 pm
China Market falls for the first time in four days

Sentiment is cautious because investors are worried that corporate earnings growth would have hit a low in the second quarter, and some companies would report earnings that are lower than expected. Sentiment has turned cautious after Dong-E-E-Jiao and Han's Laser Technology Industry, both blue-chip stocks, issued surprise warnings on Monday that their first-half profits might have more than halved. Dong-E-E-Jiao, a maker of donkey hide gelatin, tumbled 5.6% after slumping by the 10% daily limit

16 Jul 2019 3:28 pm
Australia Market falls for third day

The materials sector finished Tuesday's session on a neutral footing after a fall from Rio Tinto offset gains posted by the other iron ore majors, BHP Group and Fortescue Metals. Rio's quarterly update released on Tuesday included further details on problems with the Oyu Tolgoi underground expansion project. An estimated cost blowout of up to A$2.69 billion resulted in a 0.64% fall in the share price to finished the session at A$103.25. In contrast, BHP Group rose 0.39% to A$41.16 and Fortescue

16 Jul 2019 3:21 pm
Japan Market falls on yen's appreciation

Yamato Holdings fell 1.4% in response to a news report that the parcel delivery firm is expected to post an operating loss for April-June. Among other major losers were technology investor SoftBank Group and clothing store chain Fast Retailing.

16 Jul 2019 3:10 pm
Toll rises to 78 in Nepal floods, landslides

The death toll in floods and landslides triggered by incessant rain since last week in the Himalayan region has mounted to 78, with 32 people still missing, Nepal Home Ministry confirmed on Tuesday.Torrential downpour since Thursday has affected nearly 31 districts across Nepal, injuring a total number of 40 people.Nepal Police and the Army have so far rescued 3366 people from all the flood-affected districts of the country.As many as 33,000 people in the Southern Plains have been affected due t

16 Jul 2019 2:03 pm
Ryanair to close some bases due to expected delays in Boeing 737 MAX fleet

Boeing's crisis-hit 737 MAX has been grounded following two fatal accidents

16 Jul 2019 12:25 pm
Amid Iran's threat of withdrawal, why Nuclear NPT is still important?

Possession of the uranium doesn't put Iran much closer to developing a nuclear weapon, but it does raise troubling questions about the future of nuclear non-proliferation

16 Jul 2019 10:50 am
Indonesia: 5.7 Ritcher quake jolts Bali, no tsunami alert issued

An earthquake measuring 5.7 magnitude on the Richter Scale struck the Indonesian island of Bali on Tuesday, the United States Geological Survey (USGS) reported.The earthquake was recorded to have taken place at 8:18 a.m. (local time), 83 kilometres southwest of Nusa Dua, Bali, at a depth of 91.6 kilometres.The earthquake triggered panic and damaged homes and other buildings, but there were no immediate reports of casualties.Citing the Meteorology Climatology and Geophysics Agency here, The Jakar

16 Jul 2019 10:45 am
Tesla cuts price of Model 3, lifts prices of premium EVs; Q2 sales rise 51%

Tesla also changed its prices in China, the world's largest market for electric vehicles

16 Jul 2019 9:41 am
Amazon workers on strike over poor working condition in US on 'Prime' day

US Democratic presidential contenders Kamila Harris and Bernie Sanders were among those who expressed support for the strikers on Twitter

16 Jul 2019 8:40 am
Democrats condemn Trump's tweet against four women lawmakers as 'racist'

Congresswomen held a news conference at the Capitol to denounce a tweet by Donald Trump

16 Jul 2019 8:15 am
I blame past presidents for allowing other nations to steal US jobs: Trump

Trump said that the US had been losing an estimated $800 billion a year to China

16 Jul 2019 7:40 am
Crypto a security threat, instrument for illicit activities: Trump admin

India, meanwhile, has throughout maintained that cryptocurrencies were illegal and it did not recognise such activities

16 Jul 2019 6:30 am
Immigrant families hide in fear as US launches low profile removal action

The removal operations are meant to deter a surge in Central American families fleeing poverty and gang violence in their home countries, with many seeking asylum in the United States

15 Jul 2019 12:05 pm
Hong Kong millionaires moving cash to Singapore as political crisis lingers

Hong Kong police arrested more than 40 people after attempts to clear the remnants of a mass anti-government march resulted in clashes with demonstrators on Sunday

15 Jul 2019 10:04 am
Deutsche Bank's 18,000 job cuts tip of the iceberg for the finance industry

The so-called fintech revolution, where outsiders are taking over the traditional activities of established players (like payments, lending, depository) is the pinnacle of a new financial order

15 Jul 2019 9:15 am
After China, Nike supplier Eclat to exit Vietnam as trade war heats up

The company instead will invest in new facilities in Southeast Asian nations such as Indonesia or Cambodia

15 Jul 2019 8:59 am
Trade war effect: China Q2 GDP growth slows to 6.2%, weakest in 27 years

The trade war with the US has hit China's economy, compounding a global slowdown

15 Jul 2019 8:30 am
Higher tariff costs prompt manufacturers to move supply chains out of China

The moves by US companies add up to a reordering of global manufacturing supply chains as they prepare for an extended period of uneven trade relations

15 Jul 2019 7:08 am
Malaysia seizes $240 million from Chinese state firm's bank account

CPP was perplexed by the unilateral transfer of funds out of its account

15 Jul 2019 1:42 am
UK says seized Iranian oil tanker could be released on conditions

The tanker's interception came on the heels of already high tensions in the Persian Gulf as the Trump administration continues its campaign of maximum pressure on Iran

15 Jul 2019 1:05 am
Huawei plans to cut jobs in US-based R&D subsidiary, says report

The layoffs could be in the hundreds, one person told the Journal

14 Jul 2019 11:01 pm
Rain-triggered floods, landslides claim 60 lives in Nepal, dozens missing

Meteorological Forecasting Division (MFD) warned the public to remain on high alert

14 Jul 2019 5:55 pm
Former Bangladesh military dictator Muhammad Ershad dies at 91

A former army chief, Ershad took over the state power in a bloodless coup in 1982 and subsequently ran the country for eight years until he was forced to quit in a pro-democracy mass upsurge in 1990

14 Jul 2019 12:05 pm
China imports from US plunge 31% to $9.4 billion in June amid tariff war

China's trade surplus with the United States widened by 3 per cent to $29.9 billion, potentially giving its critics ammunition to demand Washington take a hard line with Beijing

12 Jul 2019 8:25 pm
Singapore economy shrinks in Q2 as global trade woes worsen

The dismal figures were the latest signs that trade tensions between Washington and Beijing are having a major impact on export-reliant economies across the world.

12 Jul 2019 10:56 am
Thousands are targeted as US prepares to raid undocumented migrant families

The operation, backed by President Trump, had been postponed, partly because of resistance among officials at his own immigration agency

12 Jul 2019 1:36 am