By Sai Ishwarbharath B BENGALURU (Reuters) -Tata Consultancy Services said it was hard to predict a recovery in demand for IT services in the next two quarters as persistent inflation and recession fears pressure client spending in the company’s key markets – the U.S. and Europe. The comments come after the industry leader reported its …
India’s TCS CEO flags uncertain demand as inflation crimps spending Read More »
By Ruma Paul DHAKA (Reuters) – Sheikh Hasina was sworn in as Bangladesh’s prime minister on Thursday for a straight fourth term after her party won an election boycotted by the main opposition which dismissed the vote as a sham. The Bangladesh Nationalist Party (BNP), whose leaders are either in jail or in exile, stayed …
Hasina takes oath as Bangladesh PM for fourth straight term Read More »
By Saurabh Sharma and Krishna N. Das NEW DELHI (Reuters) -India’s most populous state has stopped paying some 21,000 teachers of subjects including mathematics and science in Muslim religious schools, or madrasas, an official said on Thursday, and they could lose their jobs altogether. The teachers work at madrasas in Uttar Pradesh, ruled by Prime …
Thousands of Indian teachers set to lose jobs as Muslim school funding ends Read More »
(Reuters) – The head of Vietnam’s Communist Party Nguyen Phu Trong is expected to miss on Friday the second state visit of a foreign leader to Hanoi in less than a week amid concerns about his health. Trong, 79, who has been at the helm of the party since 2011, is the most powerful leader …
Vietnam’s top leader misses meetings amid health concerns Read More »
BEIJING (Reuters) -China has proposed new targets for improved air quality as part of its green and low-carbon development, state news agency Xinhua reported on Thursday, although the targets are still above a limit recommended by the World Health Organization (WHO). Chinese cities have grappled with high air pollution readings in recent months despite authorities’ …
China proposes new target for better air quality Read More »
By Krystal Hu (Reuters) – When he left Morgan Stanley to join SoftBank Group in Tokyo in 2015, Alex Clavel had little in common with the swashbuckling dealmakers who surrounded CEO Masayoshi Son. After years of executive departures and soured bets, including a $16 billion investment in co-working space firm WeWork, the 49-year-old former tech …
Behind SoftBank’s investing cleanup, a US dealmaker who survived the turmoil Read More »
By Joe Cash BEIJING (Reuters) – China’s Commerce Minister Wang Wentao expressed concern over U.S. curbs preventing third countries from exporting lithography machines to China during a phone call with U.S. Commerce Secretary Gina Raimondo on Thursday, his ministry said. Washington has used export controls to cut off China’s access to advanced chips and chip-making …
China raises concerns with US over chip-making export controls, sanctions Read More »
TOKYO (Reuters) – Japan’s Fast Retailing Co, owner of clothing brand Uniqlo, posted a 25% jump in first quarter operating profit on Thursday fuelled by strong overseas sales as it charts a third-straight year of record earnings. Profit was 146.7 billion yen ($1.01 billion) in the three months through November compared with 117.1 billion yen …
Uniqlo owner Fast Retailing Q1 profit soars on strong overseas sales Read More »
TOKYO (Reuters) – The Bank of Japan (BOJ) is considering lowering its inflation outlook for fiscal year 2024 to the mid-2% range in the upcoming quarterly forecast, Jiji news agency reported on Thursday. The central bank’s latest inflation outlook for the year starting April stands at 2.8%, in the last report released in October. Recent …
BOJ considers lowering FY2024 inflation outlook to mid-2% range – Jiji Read More »
NEW DELHI (Reuters) -The Indian government’s net direct tax collection has risen 19.4% year-on-year to 14.7 trillion rupees ($177.1 billion) in the ongoing financial year up to Jan. 10, according to a statement from the Ministry of Finance. India’s financial year runs from April to March. The direct tax collection from April 1-Jan. 10 has …
India’s net direct tax collection rises 19.4% yoy in April-January Read More »
