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China temporarily waives taxes to get foreign firms to stay

China temporarily waives taxes to get foreign firms to stay

  BEIJING:China will temporarily waive income taxes for foreign companies on profits they reinvest in the country as Beijing battles to retain foreign firms and investment. The finance ministry announced Thursday the new tax policy, which will apply retroactively from January so businesses will be able to take advantage of the exemption for this year’s taxes. The […]

Mideast crisis: Pakistan to stay neutral in Syria war

Mideast crisis: Pakistan to stay neutral in Syria war

Monitoring Desk ISLAMABAD:  Last week, US President Donald Trump finally ordered direct attacks against Syrian President Bashar al Assad’s regime in the wake of suspected chemical attack in the rebel held town that killed over 80 people and shook the entire world. Trump did what his predecessor Barrack Obama could not. The direct intervention has […]

President backs protest-hit Romanian government to stay

President backs protest-hit Romanian government to stay

BUCHAREST (Reuters) – Romania’s president on Tuesday tore into the Social Democrat-led government over a corruption decree that has sparked the biggest protests since the 1989 fall of communism but backed it to stay in power, in a potential reprieve for Prime Minister Sorin Grindeanu. The government on Sunday rescinded the decree, which critics said […]