World economy
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
26/11 mastermind Hafiz Saeed gets himself 100-strong armed guard
23 Dec 2017
Hafiz Saeed, a United Nation-designated global terrorist with a US-sponsored $10-million reward on his head, was recently released after nearly ten months of house arrest following a Pakistan court order
Judge throws out 'emoluments’ case against Trump
22 Dec 2017
Trump’s first big triumph: Congress gives nod to tax overhaul
22 Dec 2017
President Trump called it a “big, beautiful tax cut for Christmas”, but Democrats slammed the bill as “government for sale”, and it does not seem much public approval either
US unhappy as 26/11 terrorist Hafiz Saeed vows to contest in Pak polls
20 Dec 2017
The United States had also strongly condemned the release of the Lashkar-e-Taiba leader from house arrest and had called for his immediate re-arrest and prosecution
World trade talks fail as US refuses to budge
14 Dec 2017
Ministers decided to advance work on the three pillars of agriculture (domestic support, market access and export competition) as well as non-agricultural market access, services, development, TRIPS, rules, and trade and environment
Fed raises rates by 25 bps to1.25-1.50%, keeps target rate at 2.8%
14 Dec 2017
Having raised its benchmark overnight lending rate three times this year, the Fed projected three more hikes each year in 2018 and 2019 before a long-run level of 2.8 per cent is reached
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