Bloomberg Walmart Inc and other PhonePe shareholders will have to pay nearly $1 billion in tax after the digital payments company shifted its headquarters to India, according to people familiar with the matter. The bill stems from the relocation and rise in value of PhonePe Pvt, which Walmart took majority ownership of after acquiring parent outfit Flipkart Online Services. Now …

  Bloomberg The White House said there’s no reason Beijing should retaliate against the US and other nations that have imposed Covid restrictions on its travellers, saying the moves were justified on public health grounds as China experiences a surge in cases. “There’s no cause for retaliation here. Just because countries around the world are taking prudent health measures to …

  Bloomberg Malaysia will tighten screening rules for all foreign arrivals, Prime Minister Anwar Ibrahim said, amid concerns about the rampant Covid outbreak in China. “We are going to tighten screening but we won’t discriminate against any country,” he said at a post-cabinet briefing on Wednesday. The government will prioritise peoples’ health over the economy, he said. Malaysia joins several …