Rahul Nair

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US-China trade war: Why you should care

The world's two largest economies are at each other's throats, but what does a trade war between the US and China mean for the rest of the world, and for your pocket?

China's tariffs on U.S. oil would disrupt $1 billion monthly business

SINGAPORE (Reuters) - China's threat to impose duties on U.S. oil imports will hit a business that has soared in the last two years, and which is now worth almost $1 billion per month.<p>In an escalating spat over the United States' trade deficit with most of its major trading partners, including …

Oil

Fitch downgrades PNB's viability rating two notches as key ratio plunges

Decline in bank's core capitalisation was due to sharp spike in bad loans, including $2.2 bn in fraudulent deals reported in Feb, and related …

The harrowing reality of getting and working on an H-1B in Trump’s US

For almost five weeks last year, Shikha Gupta*, an Indian working with a large consulting firm in New York, was unemployed and without pay, because of the Donald Trump administration’s changes to the <b></b>H-1B visa process.<p>Gupta, a New York University graduate, had been working for about nine months with …

Immigration

It’s No Wonder Iranians Hate America

“Everyone wants to go to Baghdad. Real men want to go to Tehran.” So a senior British official was quoted as saying to Newsweek in 2002, witnessing the competitive bellicosity in the Bush administration’s run-up to the war in Iraq.<p>This week President Donald Trump asserted his claim to be a real man …

Middle East

What Walmart bought for $16 billion: a sliver of India and a lot of hope

Walmart made a big splash in India this week with its $16 billion (Rs1 lakh crore) acquisition of Flipkart. But the deal is unlikely to get the world’s largest retailer too far in a country that’s still obsessed with its mom-and-pop store culture.<p>That’s because Walmart has bet on a segment of …

eCommerce

After summit, South Korea plots 'roadmap' for Trump's meeting with Kim Jong Un

SEOUL (Reuters) - At their first summit in more than a decade on Friday, the leaders of North and South Korea held hands, planted a tree, and signed a pledge to pursue peace on the peninsula.<p>South Korean President Moon Jae-in and North Korean leader Kim Jong Un attend a banquet on the Peace House …

North Korea

Trump’s H-1B curbs are putting off foreign students and choking the US economy

The Donald Trump administration’s hard stance on immigration is beginning to take a toll on the US economy.<p>Colleges and universities in the country are seeing dwindling revenue streams as foreign students choose to stay away, according to an April 24 report (pdf) published by the US immigration …

MORGAN STANLEY: Britain is edging closer to a 'soft Brexit'

LONDON — Britain is increasingly likely to secure a last-minute soft Brexit deal which keeps it in the single market and customs union, according to Morgan Stanley.<p>Economists for the US bank said in a research note on Thursday that the first-round agreement struck between the EU and UK in December …

Great Britain

Trump may deport thousands of Indian H-1B visa holders

US president Donald Trump’s administration is reportedly considering a proposal that could lead to the deportation of thousands of Indians and drastically impact Indian IT business.<p>According to an internal memo circulated in the department of homeland security, the US government could ask workers …

Immigration

UFC 219 results: Cris Cyborg tested but outstrikes Holly Holm to retain 145-pound title

A smart game plan from ex-bantamweight champion Holly Holm could not overcome the aggressive and precise attack of UFC women’s featherweight champ …

UK fracking to begin in earnest in 2018 after tough year for industry

Firms leading UK push for shale gas say ‘we will see results next year’ after 12 months of opposition, protests and a ban in Scotland<p>British shale gas companies have said domestic fracking will finally begin in earnest in 2018, after another year passed without serious progress amid strong …

Oil & Gas Industry

Bitcoin Is Not a Systemic Financial Risk, Say Top Economists

A new survey finds that nearly 75% of a pool of top European economists do not think cryptocurrencies such as Bitcoin are, or will become, a threat …

Rohingya crisis: 'It's not genocide,' say Myanmar's hardline monks

<b>Yangon, Myanmar (CNN) —</b> The monks, clad in vermillion robes and flip flops, line up from old to young to receive a meal in their alms bowls -- rice, vegetables, cookies -- all donated by local villagers.<p>It's a potent act of religious devotion that takes place every day across countless communities …

Government Seeks Rs 13,000 Crore Surplus From RBI After Dividend Falls Short

In August, the RBI had paid a dividend of Rs 30,659 crore for the fiscal ended June 2017. The government had budgeted for a Rs 58,000 crore dividend …

2020 - the year cars in India starts going electric

Though government of India has envisaged the deadline of year 2030 to go for all electric vehicles (EV), it the year 2020 which is going to the …

Wal-Mart: The Street Picks Sides In Retail

This has been one of Wal-Mart's (WMT) best quarters in a while.<p><i>Credit:</i> <i>BGR</i><p>This morning, the company delivered nearly flawless results that included a …

China And India Compete In New Area: Abu Dhabi Oil Fields

A stake in the offshore oil concession that's set for renewal in March would mark a second big win of crude development rights in the emirate for …

From chocolates to cutlery: 200 items cheaper as GST cuts notified

MONTHLY STAR<p>Business Standard Digital<p>Business Standard Digital Monthly Subscription<p>149.00<p>subscribe<p>Complete access to the premium product<p>Convenient – …

New GST rate of 5% on restaurants: Menu prices to go up, but bills may still come down! Here’s the math

New GST rates: Experts are of the view that with restaurants losing out on this key benefit, menu prices are likely to go up.<p>GST bonanza: With effect …

Will India Soon Erupt Into Religious-Based Politics?

For 70-year-old Haji Mehboob, born and raised in the north Indian city of Ayodhya, the sight of Yogi Adityanath, the state chief minister, visiting …

Why Saudi Arabia looks like it's preparing for a final showdown with Iran

Even by Middle Eastern standards the events of the past week have been extraordinary.<p>Where does one begin?<p>Perhaps a timeline with the key headlines …

Middle East

The Trans-Pacific Partnership has been resurrected — and it’s happening without the US

It looks like America will miss out on an important trade deal.<p>On January 23, only three days into his administration, President Donald Trump withdrew from the negotiations process over the Trans-Pacific Partnership (TPP), the gargantuan free trade agreement that he’d railed against on the campaign …

What Was Russia's Role In 2016 U.S. Election? 2 Former KGB Officials Weigh In

Gennady Gudkov, a retired KGB colonel, peered at me across his dark, vaulted office in an old Moscow manor house.<p>"I'm going to tell you something that I've never told anyone before," he said. "About 10 years ago, Russia had the opportunity to seriously influence election results in France."<p>Gudkov, …

Goods and Services Tax: ‘Less items likely in top slab; single rate possible in future’

This came on a day when finance minister Arun Jaitley hinted at pruning the list of items in the highest GST tax bracket of 28 per cent after revenue …

'No deal' Brexit could add £930 a year to UK shopping bills, say experts

Poorer families and unemployed will be especially badly hit, says thinktank report calculating cost of walking away from EU without trade deal<p>Households face increases of up to £930 in their annual shopping bills if Britain walks away from Brexit talks without a trade deal, according to new …

Great Britain

Walmart India to open 30 stores in next 3 years

Walmart currently has 21 Best Price modern wholesale stores in India. Photo: Bloomberg<p><b>Mumbai:</b> Walmart India Pvt. Ltd, the local arm of the world’s …

India

First interest rate rise in 10 years adds to UK mortgage burden

Bank of England’s raised cost of borrowing, from 0.25% to 0.5%, may add £22 a month to average variable interest rate loans<p>Millions of homeowners face higher mortgage payments after the Bank of England said it could no longer tolerate the inflation level and announced the first increase in interest …

The Federal Reserve Has Never Printed 'Money': The End Game

Overview<p>This is the final segment to this four part series on the Federal Reserve, 'money printing,' the unintended consequences of Federal Reserve …

Brexit vote has cost each household more than £600 a year, says NIESR

Thinktank says it is ‘almost certain’ leave vote has damaged living standards as it scales back economic growth forecasts<p>British households are each more than £600 a year worse off following the vote to leave the European Union, according to one of the UK’s leading economic forecasting bodies.<p>The …