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Bloomberg India’s biggest tax reform in history is also set to make its small-to-medium businesses more transparent. On July 1, as India rolls out its landmark national sales tax, businesses that make less than 100 million rupees — which the government refers to as micro, small and medium enterprises — will all have to digitize. The firms, often accused of ...

Bloomberg Japan’s wages may still be falling by some measures, but some analysts are so convinced that the country’s labor shortages are going to impose a cost shake-out for companies and markets that they’ve started making investment recommendations. “The labor shortage is becoming more acute,” with unemployment at just 2.8 percent, Bank of America Merrill Lynch analysts including strategist Shusuke ...

Bloomberg Earlier this month SoftBank led a $502 million investment in a London-based virtual reality startup called Improbable Worlds. Less than two years ago, the startup was worth about $100 million. Then SoftBank came along, and suddenly it was worth 10 times that. Overnight, Improbable Worlds had become a unicorn. In the months since Softbank Group Corp. unveiled plans for ...

Bloomberg Short-sellers crowding into Great Wall Motor Co. are being vindicated — and they’re lining up for more. Shares in China’s largest SUV maker have retreated 18 percent from a February peak in Hong Kong as sales of its aging Haval H6 model fell and the company reported a quarterly profit decline. Now bears are doubling down: short interest in ...

Bloomberg Microsoft Corp. unveiled a new version of its Surface Pro tablet and laptop combination device with more powerful chips and better battery life, updating an aging product with declining sales that hurt financial results last quarter. The Redmond, Washington-based company introduced the fifth version of the Surface Pro at an event in Shanghai, the first time it’s held the ...

Bloomberg Britain recorded a larger-than-forecast budget deficit in the first month of the new fiscal year as accelerating inflation pushed up debt costs and depressed consumer spending. Net borrowing was 10.4 billion pounds ($13.5 billion) in April, the highest for the month since 2014 and up 1.2 billion pounds from a year earlier. Economists surveyed by Bloomberg predicted an 8.7 ...

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister of UAE and Ruler of Dubai, on Monday inaugurated the Enterprise Command and Control Centre (EC3), which will act as a unified platform linking various control centres of the Roads and Transport Authority’s, operational agencies with an integrated central control unit. According to the authority, EC3 ...

Dubai / WAM UAE delegation has met leading government and industry figures in Norway to strengthen business and development ties. A team of government, business and Expo 2020 Dubai officials led by Dr Sultan bin Ahmad Sultan Al Jaber, Minister of State, met Norway’s State Minister for Trade and Industry, Dilek Ayhan, as well as a group of Norwegian business ...

DUBAI / Emirates Business The World Government Summit Organisation (WGSO) held a session titled ‘Future Trends and How to Forecast Them’ to discuss global progress in the field of forecasting the future and developing solutions for the challenges that are expected to face decision makers in the public and private sectors. The session seeks to support governments’ efforts to forecast ...

Dubai / Emirates Business Neopharma, one of UAE’s leading pharmaceutical manufacturing company invested a total of AED100 million in a state-of-the-art Japanese factory, AED265 million in the acquisition of patents and licenses and an additional investment in clinical studies amounting to AED515 million. The factory in Japan will manufacture supplements for patients in the pre-diabetic stage and also Type II ...