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Rich Argentines to pay ‘wealth tax’ for recovery of Covid-hit economy

It means a one-off tax of at least 2% on individuals with assets of more than $2.45 million with the government aiming to collect some $3.7 billion.

Airline revenues to nosedive by 55 pc in 2020: IATA

Airline passenger revenues are set to plunge by 55 percent, or $314 billion, in 2020 due to the coronavirus pandemic, the International Air Transport Association said Tuesday.

Railways directed to devise revenue generation plan using land

ISLAMABAD: Prime Minister Imran Khan on Thursday directed Pakistan Railways (PR) to submit a comprehensive plan for launching anti-encroachment drive and future utilisation of...

Qatar to spend $13bn on ‘mega projects’ in 2017

DOHA: Qatar will invest up to $13 billion in major infrastructure projects next year despite a slump in revenues resulting from low energy prices,...

Rajnikanth starrer earns record grossing before release

MUMBAI: Upcoming movie of South Indian actor Rajnikanth named "Kabali" has already earned Rs. 2000 million a year before its release.

Donald Trump claims net worth of more than $10 billion

WASHINGTON: Republican presumptive presidential nominee Donald Trump claimed again Tuesday that he is worth "in excess of $10 billion" -- more than twice the level of independent estimates.

Apple sinks to two-year low making Google largest company

SAN FRANCISCO: Shares of Apple sank below $90 for the first time in nearly two years during trade Thursday, ceding the title of the world's largest company by market valuation to Google.

Workers in Europe's oil hub hope for the best

ABERDEEN, UNITED KINGDOM: On the docks in Aberdeen, oil workers put a brave face on hundreds of job cuts linked to sinking crude prices while union leaders warn that the worst is yet to come.

Oil prices hit multi-year lows as OPEC decision weighs

SINGAPORE: Oil tumbled to new multi-year lows in Asia on Monday, extending a sharp sell-off last week in response to OPEC's decision to maintain output despite a supply glut and plunging prices. 

Formula One urged to cut costs as teams fail

AUSTIN, TEXAS: Sauber principal Monisha Kaltenborn has urged Formula One's decision makers to act in the sport's best interests and tackle a looming crisis after two teams went into administration in the space of a week.
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