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Economists think SA govt will hike income taxes to help trim budget

South African Finance Minister Tito Mbowen REUTERS/Bazuki Muhammad South Africa's National Treasury will try to trim its swollen budget deficit by raising revenue through personal income and e

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Oyo’s revenue surged in FY19, but loss widened, too

Budget-lodging startup Oyo reported a loss of $335 million on $951 million revenue globally for the financial year ending March 31, 2019, and pledged to cut down on its spending as the India-headquart

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APD | Sri Lanka takes precautions to face threat from virus

By APD writer EaswaranCOLOMBO, Jan 24 (APD) -- The Sri Lankan Government on Friday assured that precautions have been taken to detect tourists visiting the country who

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How has the global economy changed in half a century?

03:45 The 50th World Economic Forum is taking place in Davos from the 21-24 January. Since the first meeting in 1971, the global economy has undergone a transformation.If you look at t

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New regulations make it easier for foreign banks to operate in China

China's banking regulator unveiled revised management regulations for foreign banks to advance the opening-up of the country's banking sector and promote its high-quality development.Foreign banks ca

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As Indian startups raise record capital, losses are widening

Indian tech startups secured nearly $14 billion in 2019, more than they have raised in any other year. This is a major rebound since 2016, when startups in the nation had bagged just $4.3 billion.But