Japan needs a third budget to help ailing economy: poll

Japan needs a third budget to help ailing economy: poll

Japan's government needs to compile a third extra budget for the current fiscal year ending March to shore up an economy hammered by the Covid-19 pandemic, economists said in a Reuters poll. Nearly three quarters of economists polled said the government should spend up to 10 trillion yen ($94.95 billion) ...

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Theatres in India reopen as antsy film industry holds its breath

Theatres in India reopen as antsy film industry holds its breath

(ATF) Cinema halls, theatres and multiplexes in several states across India reopened on Thursday after nearly seven months of pandemic-induced hiatus. The move is considered the first step towards a reversal of fortunes for the film industry, which has seen an estimated half of its revenue wiped out. But, in ...

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Jaguar to launch hybrid electric SUVs in India 

JLR to launch electric Jaguar I-PACE in India in early 2021

NEW DELHI: Jaguar Land Rover (JLR) plans to launch its electric Jaguar I-PACE sedan in India early next year, the automaker's country head said on Thursday, as governments across the world push for more clean-energy vehicles. The British luxury carmaker owned by India's Tata Motors also plans to launch plug-in ...

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Malaysian rubber gloves put on US list of goods made by forced labour

Malaysian rubber gloves put on US list of goods made by forced labour

Rubber gloves manufactured in Malaysia are among six items the US Department of Labor has added to a list of goods produced by forced labour this year, the department said in a report. For Malaysia, the department had already listed electronics and garments as goods produced by forced labour, and ...

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Foreign investors rekindle love for Indian debt

Foreign investors rekindle love for Indian debt

(ATF) Having shunned Indian debt markets for months, foreign portfolio investors (FPIs) are returning with renewed interest as a central bank liquidity bonanza makes the nation's sovereign bonds the best performers in Asia. Market sources said FPIs turned net buyers of Indian debt in September for the first time in ...

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‘Interesting’ Indian stimulus raises spending boost doubts

Doubts that ‘interesting’ Indian stimulus will boost spending

(ATF) Even as consumer confidence hits a record low due to job losses, wage cuts and a slumping economy, forcing Indian families to pull their purse strings tighter, Indian Finance Minister (FM) Nirmala Sitharaman announced a string of new measures to spur demand and spending. Yet, while the techniques used ...

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BTS promotions face China backlash over war comments

BTS promotions face China backlash over war comments

South Korean boyband BTS is facing a barrage of criticism in China after its leader made remarks about the Korean War and several big-name brands, including Samsung, have apparently distanced themselves from the K-pop group amid the uproar. The controversy is the latest example of the political landmines lying in ...

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