Business

Trump tax plan leaves Congress, Ryan with heavy lift

For Americans in states or cities with a high tax burden, that could significantly increase the amount of taxes they pay. The president has released plenty of information and I think it's given more financial disclosure than anybody else and the population has plenty of information.

Business

US Treasury secretary: Tax cuts won't raise budget deficit

When asked about the deficit impact of the tax plan, Mnuchin said at an International Monetary Fund event Saturday that when accounting for the economic growth that would occur because of the tax changes, the tax overhaul "will pay" for itself .

Business

Australia abolishes visa programme used largely by Indians

Announcing the policy change on Facebook , prime minister Malcolm Turnbull said he was "putting Australians first" by giving them priority for jobs now open to overseas workers. It will be replaced with a two to four-year Temporary Skill Shortage initiative and won't impact those now in Australia on the working visa. The citizenship test will also include "new and more meaningful questions" about an applicant's understanding of and commitment to Australia's shared values and responsibilities.

Business

Japan's March core inflation, manufacturing miss forecasts, keep pressure on BOJ

Most analysts were expecting the Bank of Japan to stand pat. "We expect inflation to accelerate toward 2 per cent but now, inflation is around zero per cent", Kuroda told reporters after the policy meeting. Japan's economy has shown signs of life, as exports rose the most in over two years in March and manufacturers' confidence hit the highest since the global financial crisis a decade ago.

Business

Dubai is going to be a launchpad for Uber's flying cars

The company launched a fleet of self-driving cars in the United States city of Pittsburgh past year which is on its way to becoming a valuable startup. The burden of meeting the target, however, is not on Uber , but rather on the manufacturing partners for the VTOL vehicles. According to Jeff Holden, Uber's Chief Product Officer, "We think we can start this for roughly the cost of UberX, and we think it'll get below the variable cost of vehicle ownership".

Business

BJP sweeps MCD polls

Importantly, Kejriwal also advised them to take good care of the sanitation workers of the three civic bodies, describing them as an "exploited lot". The AAP's humiliating defeat plunged the party into a crisis even as its top leadership put up a fearless front suggesting it was all expected due to tampering with EVMs, an allegation that has been rubbished by the Election Commission.


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