Investors expecting a deal this year in Tata Steel’s talks to merge its European assets with Germany’s Thyssenkrupp risk disappointment, given complications associated with the Indian-owned firm’s British pension scheme. Tata and Thyssenkrupp shares have firmed on hopes a merger would trigger European steel capacity cuts. Tata Steel UK, Britain’s ... Read More »
India has appointed senior finance ministry official Ajay Tyagi as the new chairman of its capital markets regulator, the government said on Friday, at a time when corporate governance issues have taken centre stage in the country. Tyagi, 58, currently an additional secretary at the Indian finance ministry’s economic affairs ... Read More »
White House Press Secretary Sean Spicer said that the US would produce “clean coal” and that rolling back regulations from coal plants would be done in a way that was “environmentally friendly”. He told reporters that the Environmental Protection Agency, which will be led by Oklahoma attorney general Scott Pruitt who once ... Read More »
United Airlines says it has fixed a technology problem that delayed hundreds of flight around the country. An airline spokeswoman said the glitch prevented crews from creating flight plans on domestic and international flights for several hours. The problem was unrelated to a computer outage that grounded all United domestic ... Read More »
In labs testing how brain implants could help people with physical disabilities, tales of success can be bittersweet. Experiments like those that let a paralyzed person swig coffee using a robotic arm, or that let blind people “see” spots of light, have proven the huge potential of computers that interface ... Read More »
The announcement of the 2016 budget pushed the real estate market of Pakistan into gloom since it was accompanied by a new property tax intended to bring black money into the tax-net. The heightened enthusiasm generated by the country’s property market in the two years preceding the 2016 budget was ... Read More »
NEW DELHI: Amid reports that key provisions of new real estate regulation law have been diluted by some states, the central government has forwarded the rules notified by the states to a parliamentary committee for examination. Minister of State for Housing and Urban Poverty Alleviation (HUPA) Rao Inderjit Singh, in ... Read More »
The headline might be an attempt to grab attention. But once the Union Budget 2017-18 proposals come into effect, a lot of people might be worried. The Budget has made several clever changes in the tax laws that will discourage investments in multiple properties, yet encourage first-time home buyers to ... Read More »
The Bolivian government has declared a state of emergency in a vast agricultural area affected by a plague of locusts. President Evo Morales has announced a contingency plan, which includes $700,000 in extra funds for fumigation. The swarm first appeared over a week ago near the low-lying eastern city of ... Read More »
Donald Trump’s nominee for the Supreme Court has described the president’s attacks on the judiciary as “demoralising” and “disheartening”. Neil Gorsuch’s comments were made to a Democratic senator and confirmed by his spokesman. The president called a judge who halted his controversial travel ban a “so-called judge”, and said any ... Read More »
An Australian man has survived spending hours struggling to keep his nose above water after his excavator rolled into a waterhole. Daniel Miller, 45, had been riding the machine at his remote property 300km (180 miles) north of Sydney. When the edge of the dam gave way, the farmer was ... Read More »
US President Donald Trump has sent a letter to Xi Jinping, his first direct approach to the Chinese leader. The president thanked Mr Xi for congratulating him on his inauguration last month and said he looked forward to “constructive” relations. Mr Trump has not yet spoken to Mr Xi but ... Read More »
