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  Bloomberg India’s biggest tractor maker said it will extend assistance to farmers affected by the banknote crisis to tide them over the planting season. Mahindra & Mahindra Ltd. will help farmers with servicing for their tractors, buying of seeds and give some leeway on loans and advances, Managing Director Pawan Goenka said in an interview last week. “While loss ...

  AFP Foreigners in Australia on working holidays face paying a 15 percent levy on every dollar they earn after the government on Monday compromised on a controversial “backpacker tax”, dumping plans for a higher rate. Canberra had initially sought a revenue-raising 32.5 percent tax for seasonal workers from January 1 under a proposal first flagged in the 2015 budget, ...

  Bloomberg Brexit is going to cause the British economy to slow less than originally thought, according to the OECD. The Paris-based Organization for Economic Cooperation and Development revised up its UK growth forecasts to 2 percent from 1.8 percent this year, and to 1.2 percent from 1 percent in 2017, according to its November Economic Outlook. An inflation-induced pinch ...

  London / AFP India’s Tata Steel said on Monday that it has agreed to start exclusive talks for the sale of its speciality steel assets to metal processing firm Liberty House. The unit, which has activities mostly in Britain but also in China, employs 1,700 people and produces specialised steel for the aerospace and automotive industries, as well as ...

  London / AFP Riders for the British food courier service Deliveroo are taking legal action on Monday to demand workers’ rights in a new challenge to the so-called gig economy. In a test case that follows a court victory by Uber cab drivers, the application is being made by the Independent Workers Union of Great Britain on behalf of ...

  Chernobyl / AFP The world’s largest metal moveable structure will be unveiled on Tuesday over the Chernobyl nuclear power plant’s doomed fourth reactor in Ukraine to ensure the safety of future generations across Europe. The giant arch — nearly as long as two football pitches and taller than New York’s Statue of Liberty — will edge into place over ...

  FRANKFURT / AP Volkswagen is coming out with a new model that will add to its offerings of larger cars in the United States, where its market share has lagged the competition. The German company released a sketch on Monday of the Arteon, a four-door with a sloping roofline. It is to be unveiled at the Geneva auto show ...

  ABU DHABI / WAM Vice President and Prime Minister of the UAE and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, and His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, attended on Sunday the Formula 1 Etihad Airways Abu Dhabi Grand Prix, ...

  ABU DHABI / WAM Abu Dhabi Global Market (ADGM), the international financial centre in Abu Dhabi, and FinanceMalta, the organisation responsible for the development of Malta’s financial centre, signed a Memorandum of Understanding (MoU) to enable further collaboration on joint initiatives and efforts to bolster the growth of the financial markets in both Abu Dhabi and Malta. The agreement ...

  Abu Dhabi / WAM There are significant opportunities to strengthen the economic and investment cooperation between companies and institutions in the UAE and Tajikistan, Mohamed Thani Murshid Al Rumaithi, Chairman of the Federation of the UAE Chambers of Commerce and Industry, Chairman of the Abu Dhabi Chamber of Commerce and Industry (ADCCI), has said. While meeting Sharifi Bahodur Mahmudzoda, ...