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The board of India's central bank approved a record surplus transfer of 2.11 trillion rupees ($25.35 billion) to the government for the fiscal year ended March, sharply above analysts' and government projections.
The move will save about 4 billion ringgit (US$852 million) annually, Prime Minister Anwar Ibrahim said in a televised address on Tuesday night (May 21), saying the blanket subsidy is no longer sustainable as it benefits the “ultra-rich”.
An independent advocacy group of McDonald's franchisees is weighing in on the company's upcoming value meal promotion, cheering affordability for the consumer, but pushing for future contributions from the company to make the discounted offering sustainable for operators in the long run.
Bhutan may reconsider its controversial $100 daily tourism fees if the country's tourism industry recovers soon, Bhutan's Prime Minister Tshering Tobgay told CNBC on May 10.
The footage from Camp 4, located around 8,000 metres above sea level and known as the “death zone” due to its unforgiving conditions, showed discarded tents, oxygen cylinders and utensils frozen in time.
Shares in German technology giant Siemens fell by over 5% on Thursday after the company posted a decline in earnings in the fiscal second quarter and said its automation division had slowed.
Anglo American plans to spin off its highly prized De Beers diamond unit as part of a sweeping restructuring of its 107-year-old business as it seeks to fend off persistent takeover bids from mining rival BHP Group.
The authorities in New Caledonia, a semiautonomous French territory in the South Pacific, put a curfew in place on Tuesday and banned all public gatherings after protests against a proposed constitutional change turned violent overnight.