Headlines 

‘A Brexited flatland: Peter Gabriel hits out after Womad stars refused entry to UK

Festival co-founder urges government to make it easier for international artists to perform in Britain The musician Peter Gabriel has expressed alarm over UK foreign policy after a number of international artists were unable to perform at artists declined invitations to perform at Womad, with many citing the difficulty of entering the country under the automated visa system that first created issues for the festival in 2017. Whether their perceptions are real or inflamed, the reality is that artists are deciding that the hassle and cost of entering the UK…

Read More
Headlines 

Trump Spouse-Visa Shift May Hurt Workers, Push 100,000 From Jobs

U.S. President Donald Trump’s plan to ban spouses of high-skill visa holders from working will likely push 100,000 people out of jobs and negatively affect the visa holders and their employers, according to a new research study. The Trump Administration has been tightening the rules for H-1B visas, which allow foreign workers to take jobs in the U.S. for several years, and University of Tennessee at Chattanooga and Pooja B. Vijayakumar from the Kemmy Business School at the University of Limerick set out to study the implications of such a…

Read More
Headlines 

Uber Pulls Out of Southeast Asia, Selling Operation to Rival Grab

Uber Technologies Inc. has agreed to sell its Southeast Asian operations to Grab, withdrawing from yet another fast-growing region to end a war of attrition with a fierce local rival. Under the agreement, Grab will acquire all of Uber’s operations in a region of 620 million people, including food delivery service UberEats. The U.S. ride-hailing behemoth in return gets a 27.5 percent stake in a combined entity and its chief executive officer will join the board of the Singapore-based company. Bloomberg News reported over the weekend that the two companies…

Read More
Headlines 

Bitcoin Whipsaws Investors as Bubble Shows Signs of Bursting

Bitcoin whipsawed investors, falling below $8,000 for the first time since November before recovering most of Friday’s losses, as a miserable 2018 continued for cryptocurrencies. Since reaching a record high of $19,511 on Dec. 18 shortly after the introduction of regulated futures contracts in the U.S., Bitcoin has wiped out more than half its value amid waves of negative news. Setbacks included escalating regulatory threats from authorities around the world including India, raided Coincheck’s offices Friday morning, a week after the robbery, hauling out documents and computers as evidence. The…

Read More
Headlines 

Billionaire Singh Brothers Accused by New York Investor of Siphoning Cash

India’s billionaire Singh brothers, already embroiled in one international legal battle over alleged fraud, are being accused of "diversion, siphoning and digression of assets" by a New York-based investor in a lawsuit filed in the High Court of Delhi. The lending arm of Malvinder and Shivinder Singh’s publicly traded financial services firm, Religare Enterprises Ltd., made 21 loans to a number of seemingly independent companies that routed at least $300 million back to privately held Singh firms on the same day, according to a central bank investigation of the company’s fiscal 2016…

Read More
Headlines 

China to Overtake U.S. Economy by 2032 as Asian Might Builds

The growing leapfrogging the U.K. and France next year to become the world’s fifth-biggest economy in dollar terms. It will advance to third place by 2027, moving ahead of Germany. In 2032, three of the four largest economies will be Asian — China, India and Japan — and, by that time, China will also have overtaken the U.S. to hold the No. 1 spot. India’s advance won’t stop there, according to the CEBR, which sees it taking the top place in the second half of the century. Also by 2032,…

Read More
Headlines 

Asia’s Richest Banker Spots a Once-in-a-Lifetime Opportunity

For India, it’s a $207 billion mess, a pile-up of bad loans years in the making that’s dragging on growth. For the nation’s wealthiest banker, it’s the kind of opportunity that very rarely presents itself. What has billionaire Kotak Mahindra Bank Ltd., in an interview. “Through this you could actually get assets that would give disproportionate returns for long periods of time.” Funds controlled by Kotak Mahindra are looking at deals involving the assets and debts of some of the first 12 companies going through the bankruptcy courts, Kotak said. Industries…

Read More
Headlines 

Blockbuster Reforms May Take Back Seat as Modi Eyes Elections

India’s national sales tax might be the last big-ticket reform from Prime Minister Narendra Modi as he prepares for about a dozen of state polls and seeks re-election in 2019, government officials say. Modi is expected to conclude already-underway measures such as the privatization of state carrier easier to do business in India, reforming taxation and taking measures to pull banks out of their bad debt trap. Still, while global investors look favorably at Modi, his policies have not addressed the growing disenchantment among farmers and unemployed youth and senior…

Read More
Headlines 

Resellers were already outside the Apple store just minutes after iPhone X launch

Image: yvette tan/mashable Just minutes after they got their hands on their new iPhone X devices, resellers were taking to the streets to sell them to the highest bidder. People began queueing at the Apple store in Singapore from as early as Thursday, with hundreds camping out overnight.  SEE ALSO: Apple iPhone X: Tracking the launch around the world Plenty of resellers were among them, when Mashable went down to the venue. Past doors opening at 8 a.m. on Friday morning, the road outside the Apple store quickly turned into…

Read More
Headlines 

Flags and parades in India and Pakistan for 70th anniversary celebrations

Tensions in India over patriotic oath for children and order for Islamic schools to film independence day ceremonies National flags are being hawked at traffic lights, the Indian parliament has been illuminated, and monkey traps have been installed around Delhi monuments as India prepares to celebrate the 70th anniversary of its independence. Above Pakistans capital, Islamabad, this weekend, air force jets left a multicoloured trail as they rehearsed for the largest air show in the countrys history on Monday, when it celebrates its own creation in 1947. Indian prime minister…

Read More
Headlines 

‘They don’t care’: Indian government accused of prejudice by Chakma people

Families living on riverbanks of north-east India claim pleas for help following devastating floods have been ignored on religious and racial grounds The Indian government has been accused of religious and racial discrimination after members of the Chakma ethnic group said their pleas for help following the

Read More
Headlines 

‘I don’t want tension’: Indian boxer beats China rival then offers belt back to heal border rift

Vijender Singh makes gesture of peace to Zulpikar Maimaitiali amid increasingly tense stand-off in Himalayas An Indian boxer won a title fight against a Chinese opponent before offering to hand back the prize as a gesture of peace between the two nations which are locked in a territorial dispute in the Himalayas. Vijender Singh beat Zulpikar Maimaitiali on points on Saturday to retain his WBO Asia Pacific super middleweight title and take his opponents WBO Oriental super middleweight belt. After the unanimous verdict in Mumbai, Singh hugged Bollywood star Amitabh…

Read More
Headlines 

Partition, 70 years on: Salman Rushdie, Kamila Shamsie and other writers reflect

More than a million were killed and many millions more displaced by Indian partition. Authors consider its bloody legacy and the crises now facing their countries Pankaj Mishra Pankaj Mishra. Photograph: Windham-Campbell Prize To think about partition on its 70th anniversary is to think, unavoidably, about the extraordinary crisis in India today. The 50th and 60th anniversaries of one of the 20th centurys biggest calamities were leavened with the possibility that India, liberal-democratic, secular and energetically globalising, was finally achieving the greatness its famous leaders had promised. In contrast to…

Read More
Headlines 

Kashmir: seven die after cable car falls 30m in tourist town

Gusty winds in Gulmarg uproot a huge pine tree that hits the cable of the coach, bringing it down to the ground Four Indian tourists and three local residents died when a cable car came crashing down from a height of at least 30 meters (100ft) in a tourist town in the Indian portion of Kashmir. Four other people were injured in the accident in the resort town of Gulmarg, said senior police officer Imtiyaz Hussain. One of the injured was in a critical condition. Hussain said gusty winds in…

Read More