A motorcyclist rides past the entrance of the headquarters of Hon Hai, which is also known by its trading name Foxconn, in Tucheng, New Taipei city, December 24, 2013. REUTERS/Pichi Chuang/Files

Foxconn targets 10-12 India facilities by 2020: chairman

Taiwan's Foxconn Technology Group, the world's largest contract electronics manufacturer, is aiming to develop 10-12 facilities in India, including factories and data centres, by 2020, company Chairman Terry Gou said on Tuesday.  Full Article 

U.S. stocks fall the most in three weeks as dollar soars 8:42pm IST

- U.S. stocks recorded their steepest fall in three weeks in morning trading on Tuesday as positive economic data added to the gains in the dollar and sent it soaring to a one-month high.

A worker speaks on a mobile phone as he sits inside a shop selling cereal, grains, and pet food, in Kolkata April 15, 2015. REUTERS/Rupak De Chowdhuri/Files
Inflation

Low inflation gives India chance to cut rates

A sharp fall in inflation has provided India with a window to cut interest rates for a third time this year, as the Reserve Bank of India (RBI) prepares for a policy review on June 2. "We are expecting a 25 basis point rate cut in June with a cautious tone, but not too hawkish," said Shubhada Rao, chief economist with Yes Bank, looking ahead to the policy review.  Full Article 

Journalists raise their hands to ask questions to Spokesperson of Chinese Ministry of National Defense Senior Colonel Yang Yujun (R) during a news conference about the annual white paper on China's military strategy in Beijing, China, May 26, 2015. REUTERS/Kim Kyung-Hoon
Asia

China to extend military reach in S.China Sea

China outlined a strategy to boost its naval reach and held a groundbreaking ceremony for two lighthouses in disputed waters, developments likely to escalate tensions in the region.  Full Article 

Tourists walk in the historical city of Palmyra, April 14, 2007. REUTERS/Nour Fourat/Files

Palmyra ruins unharmed for now - Syria official

The Syrian government's antiquities chief said on Tuesday the historical city of Palmyra had been unharmed since the Islamic State group seized it from state control last week.  Full Article | Pics 

India's Prime Minister Narendra Modi (L) talks to his Pakistani counterpart Nawaz Sharif (R) during the closing session of 18th South Asian Association for Regional Cooperation (SAARC) summit in Kathmandu November 27, 2014. REUTERS/Niranjan Shrestha/Pool/Files

Why Pakistan is friends with everyone & no one

Seeking to solve its many economic, political and security problems, Pakistan is trying, concurrently, to court four rich & powerful patrons: China, Saudi Arabia, Iran & U.S. This is a tough task because these governments’ ties with one another have global politics tied in knots. Islamabad’s efforts to juggle their competing demands are quixotic enough, trying to make them all work is ambitious.  Commentary 

'Closed-door' trial for U.S. journalist in Tehran

'Closed-door' trial for U.S. journalist in Tehran

Washington Post reporter Jason Rezaian went on trial on espionage charges behind closed doors in Iran on Tuesday, the semi-official Tasnim news agency reported.  Full Article | Video 

Then Sri Lankan cricket team coach Trevor Bayliss (C) plays with a football as captain Kumar Sangakkara (R) warms up during a practice session in Ahmedabad November 15, 2009. REUTERS/Punit Paranjpe/Files

Australian Bayliss is England cricket coach

Trevor Bayliss has become the first Australian to be appointed head coach of the England national team after being handed the post on Tuesday.  Read | Newsmaker - Bayliss set for Ashes baptism of fire 

U.S. blues legend B.B. King performs onstage during the 45th Montreux Jazz Festival in Montreux July 2, 2011. REUTERS/Valentin Flauraud/Files
B.B. King

Homicide probe to be launched in King's death

Nevada officials said on Monday they would conduct a homicide investigation into the death of B.B. King who died this month at age 89, after two of his daughters leveled accusations that the blues great was murdered. The women also claimed in a video posted online that members of King's family were prevented from visiting him by his two associates during his final days.  Read | Pics - B.B. King: 1925 - 2015  

Latest Headlines

Chief Economic Adviser

Raffaello Pantucci

Untangling the web of India, China and Pakistan diplomacy

India, Pakistan and China need to shed their historical legacies, and find ways of ending the paranoid tensions that underlie their global outlooks. Until this has been achieved, the CPEC, BCIM and any other regional economic framework will be undermined and no long-term stability will be found in the heart of South Asia.  Full Article 

Sajan Pillai

How India can support its start-ups

There is no reason why India cannot be the innovation capital of the world, home to the next Google or Amazon. However, the government needs to ensure ideas are given the opportunity to grow into a business. Creating tax reforms, bringing in venture capital, and creating simple policies for new businesses is the way to spark this transformation.  Full Article 

Fizan Abdullah

Surgery so simple a gardener can do it – but he probably shouldn’t

A number of readily teachable surgical procedures can stem much of the rising tide of human suffering. We associate surgery with space-age operating rooms filled with fancy equipment. A handful of conditions require that. But many do not. Non-surgeons trained to do simple procedures can alleviate up to three-quarters of the surgical need in underserved regions.  Read 

Edward Hadas

The uses and abuses of Gross Domestic Product

Numbers can lie, and undoubtedly will when they accumulate years of approximations, estimates and exclusions. It is probably hopeless to suggest that many of the innumerable data series based on GDP should simply be discarded just because they are mostly false and misleading. They are too popular for that. However, GDP is certainly a measure that should be used with extreme caution.  Full Article 

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