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Cash-strapped Oman to break Gulf's income tax taboo to curb deficit

To levy income tax on high earners starting 2022

Jack Ma summoned by China's regulators on eve of Ant Group debut

China has been tightening rules and imposing capital demands on the sprawling financial operations of conglomerates such as Ant in an attempt to curb risks to its $49 trillion financial industry

Oil falls to 5-month low over fresh lockdowns, Libyan crude production

The double whammy of falling demand and growing supply pushed futures in New York down as much as 6 per cent in early Asian trading

US election: Twitter says it won't let candidates claim early victory

Tweets that include premature claims of victory will be labeled and direct people to Twitter's official US election page

Diesel sale clocks 6.1% growth; first time since Covid-19 induced lockdown

The rebound in diesel demand is crucial for ramping up crude processing by Indian refiners after consumption was crushed by a strict lockdown

Alibaba's secret three-year experiment to modernise China's old factories

Alibaba claims it is able to cut order lead times by 75% with its solutions

Trump's dismissal of coronavirus risk paved way to White House outbreak

As the virus tightened its grip on the U.S, the White House itself became an incubator for infection

Bad debt will hinder India's economic recovery: Ex-RBI Guv Subbarao

Even before the pandemic struck, India's financial sector was going through tough times

Mills across India want people to consume more sugar: Here is why

Consumption in India has stagnated at 19 kilograms per capita per year compared with a global average of 23 kilograms

China gears up to strengthen the Yuan in a world without Donald Trump

Over the past two years, China's currency has been whipsawed by volatile geopolitics, while traditional valuation metrics went to backburner

Rolls-Royce Holdings plans to sell its Bergen engines unit: Report

Germany's MAN SE and Finland's Wartsila Oyj could be potential buyers and a sale is expected early next year, according to the report, which didn't say where it got the information

Georgia's ruling party claims victory in parliamentary elections

Central Election Commission chairperson Tamar Zhvania said about 97% of votes have been counted and the total turnout was over 56%

Sri Lanka debt tumbles from best to worst in Asia on coronavirus pain

The island nation's notes lost about 20% in October after dropping 15.5% in September, marking two straight months of the biggest losses in the region, Bloomberg Barclays indexes show

Hong Kong authorities arrest seven opposition activists in latest sweep

The six current and former LegCo members and one assistant are accused of violating the lawmaking body's powers and privilege ordinance, the police said at a briefing on Sunday

Alibaba's secret three-year experiment to reinvent outdated factories

Its ultimate goal, according to Alibaba, is to become a one-stop production solution provider for garment merchants on its Taobao and Tmall marketplaces.

Bumper harvests, healthy stockpiles but coronavirus world is undernourished

Contained global food costs haven't stopped inflation spikes in India, Pakistan and elsewhere, as supply disruptions hit.

Europe's coronavirus woes multiply with leaders drifting to lockdowns

Bars, restaurants, leisure facilities and cultural venues have to close in Germany starting Monday, while schools and most shops can remain open

Pandemic takes a worrying turn across Europe sending hospitals reeling

Hospitalisations skyrocketed in more than a dozen countries in Europe, with admissions soaring beyond the peak reached last spring in a swathe from Austria to Portugal.

Sinofication of Buddhism: In Tibet, China wants more wealth, less Buddha

Beijing is investing heavily in Tibet, betting that new roads, jobs, better housing and improved access to education and healthcare will bring stability to the region.

Big oil stares at a long winter ahead as global fuel demand stays muted

With U.S. Covid-19 cases hitting a record this week and new lockdowns looming across Europe, the virus and its impact on petroleum demand show no sign of abating