A woman walks past a large logo of Vodafone displayed on a shop in Mumbai May 20, 2010.  REUTERS/Arko Datta/Files

Vodafone tax case: Govt advised not to appeal

The attorney general has recommended the government refrain from appealing a Bombay High Court ruling in favour of Vodafone Group Plc in a long-running tax dispute, a person directly involved in the matter said.  Full Article 

WTO postpones trade deal by a day after last-minute objection 26 Nov 2014

GENEVA - The World Trade Organization postponed adoption of the first global trade reform in its 19-year history on Wednesday, delaying by a day after a last-minute objection from Argentina, diplomats said.

Commuters travel past a Reserve Bank of India (RBI) building in Kolkata November 11, 2014. REUTERS/Rupak De Chowdhuri

Markets pricing in rate cut, despite wary RBI

Investors in India's markets are betting that Finance Minister Arun Jaitley will persuade a more hawkish Reserve Bank to reduce benchmark interest rates as early as next week. Finance ministry sources have told Reuters that Jaitley will urge Reserve Bank of India (RBI) Governor Raghuram Rajan to cut rates at the Dec. 2 policy review.  Full Article | Exclusive - RBI under pressure to cut rates 

Members of the Dongria Kondh tribe walk on top of the Niyamgiri mountain, which they worship as their living god, to protest against plans by Vedanta Resources to mine bauxite from that mountain near Lanjigarh in Orissa state February 21, 2010.REUTERS/Reinhard Krause/Files
Thomson Reuters Foundation

Disputes over land for industry on rise in India

Civil unrest in India is expected to worsen after a 30 percent rise in two years in the number of disputes between local communities and authorities taking over land for industrial projects, charities said on Wednesday. Most of the conflicts over land takeovers by the state were recorded in mineral-rich regions such as Odisha, Andhra Pradesh, Jharkhand, Meghalaya and Assam, they said.   Full Article 

A driver pumps petrol into his car at a petrol station in Brussels March 8, 2011. REUTERS/Yves Herman/Files

Saudi, UAE signal no push for OPEC oil cut

OPEC leader Saudi Arabia and fellow member the United Arab Emirates signalled on Wednesday they were unlikely to push for a major change in oil output at the group's meeting this week to prop up prices that have sunk by a third since June. OPEC's meeting on Thursday will be one of its most crucial in recent years, with oil having tumbled to below $78 a barrel.   Full Article 

Chinese software engineers work on product solutions at the Neusoft Group Ltd headquarters in the northeastern city of Shenyang, capital of Liaoning province May 26, 2004. REUTERS/Claro Cortes/Files

China to push growth of outsourcing industry

China will develop international outsourcing of high-value-added services to create new advantages in foreign trade, its cabinet said on Wednesday, according to the official government website. The State Council will reduce corporate income taxes to 15 percent in a number of cities to encourage development of the high-tech, high value-added services outsourcing industry.  Full Article 

Police officers hold a line before advancing on protesters during the second night of demonstrations in Oakland, California, following the grand jury decision in the shooting of Michael Brown in Ferguson, Missouri, November 25, 2014.  REUTERS/Elijah Nouvelage
Ferguson Teen Shooting Verdict

Police curb unrest as protests swell across U.S.

Some 2,000 National Guard troops helped ward off a second night of rampant arson and looting in suburban St. Louis after a grand jury declined to indict a white policeman in the fatal shooting of an unarmed black teenager, and sympathy protests spread to several U.S. cities.  Full Article | Pics 

Dmytro Firtash, one of Ukraine's richest men, is seen in Kiev May 18, 2010.  REUTERS/Maks Levin/Files

Putin's allies channelled billions to oligarch

In Russia, powerful friends helped him make a fortune. In the United States, officials want him extradited and put behind bars. In Austria, where he is currently free on bail of $155 million, authorities have yet to decide what to do with him.He is Dmitry Firtash, a former fireman and soldier. In little more than a decade, the Ukrainian went from obscurity to wealth and renown, largely by buying gas from Russia.   Full Article 

People are silhouetted as they pose with laptops in front of a screen projected with a Google logo, in this picture illustration taken in Zenica October 29, 2014.   REUTERS/Dado Ruvic/Files

EU to apply 'right to be forgotten' rule worldwide

European privacy regulators want Internet search engines such as Google and Microsoft's Bing to scrub results globally, not just in Europe, when people invoke their "right to be forgotten" as ruled by an EU court.  Full Article 

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SAARC Summit

Cracked land is seen at Guarapiranga reservoir, during a drought in Sao Paulo November 21, 2014. REUTERS/Paulo Whitaker

Brazil’s epic water crisis a global wake-up call

One of the world’s biggest cities is running out of water. Sao Paulo, a city of 20 million people, could run dry within weeks. The humanitarian and economic cost would be immense. The fiasco should be a global wake-up call for other metropolises. The immediate cause of the crisis is a year-long drought.  Full Article 

An Israeli police officer gestures as he holds a weapon near the scene of an attack at a Jerusalem synagogue November 18, 2014. REUTERS/Ronen Zvulun

Can you live a moral life in the holy city of Jerusalem?

While you are reading about violent attacks in Jerusalem on the home page of your newspaper, Jerusalemites are living their lives, most of the time, as if they dwelled in a happy little European nation, say Luxembourg or the Netherlands. That’s how you can feel there a lot of the time, if you live on the Israeli side. That is assuming you’re not a crazed extremist of some kind.  Commentary 


China monetary policy enters difficult adolescence

China’s economy is in the throes of financial adolescence. If all credit in China still came from banks, a reduction in the benchmark rate set by the People’s Bank of China would benefit most borrowers. In the past few years, however, China has sprouted all kinds of new ways to save and borrow that don’t respond predictably to the central bank’s orders.  Full Article