Economy News

India asks Xiaomi to pay $88 million in import taxes it found it evaded

NEW DELHI (Reuters) – India on Wednesday said it had asked the local unit of Chinese smartphone giant Xiaomi (OTC:XIACF) to pay 6.53 billion rupees ($87.80 million) in import taxes.

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News Sports

Novak Djokovic Hits Reported Visa Snag On Australia Trip

World number one Novak Djokovic may have encountered a late snag on his trip to play in the Australian Open, after state government officials refused to support his visa application..

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News Stock Market

Asian shares slip as rising U.S. yields hit tech firms

By Alun John HONG KONG (Reuters) – Asian stocks slipped on Wednesday following a mixed Wall Street session as higher U.S. Treasury yields weighed on global tech firms and pushed.

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News Sports

Covid Forces Postponement Of Liverpool-Arsenal League Cup Semifinal

Liverpool’s League Cup semi-final first-leg match against Arsenal on Thursday has been postponed due to a “severe outbreak” of coronavirus cases at the Anfield club. Posted by Harsh Rajput Liverpool’s.

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News Stock Market

Samsung likely to report best Q4 profit on solid chip demand

By Joyce Lee SEOUL (Reuters) – Samsung Electronics (OTC:SSNLF) Co Ltd is likely to post a record fourth-quarter profit thanks to solid demand for server memory chips and higher margins.

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News

Britain reports record COVID-19 prevalence as Omicron surges

By Alistair Smout and William James LONDON (Reuters) -Britain on Wednesday reported record COVID-19 prevalence for the last week of 2021, with one in 15 people in England infected, as.

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News Stock Market

Stellantis’ Chrysler brand to go all electric by 2028 -executive

By Ben Klayman (Reuters) – Automaker Stellantis’ Chrysler brand said on Wednesday it plans to shift to an all-electric lineup by 2028 and introduce new products, including a utility vehicle,.

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News Stock Market

Sony looks to electric cars for its next big hit

By Shinji Kitamura (Reuters) – Japan’s Sony (NYSE:SONY) Group Corp plans to launch a company this spring to examine entering the electric vehicle market, looking to harness its strengths in.

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Economy News

Tencent raises $3 billion by trimming stake in Singapore’s Sea

By Anshuman Daga, Kane Wu and Scott Murdoch SINGAPORE (Reuters) – Chinese gaming and social media company Tencent Holdings (OTC:TCEHY) Ltd has sold 14.5 million shares in Singapore-based gaming and.

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Economy News

China’s market regulator fines Alibaba, Tencent for failing to report deals

SHANGHAI (Reuters) -China’s top market regulator said on Wednesday it has fined units of Alibaba (NYSE:BABA) Group Holding Ltd, Tencent Holdings (OTC:TCEHY) Ltd, and Bilibili Inc (O:BILI) for failing to.

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