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Ding Shuang, chief China economist at Standard Chartered, said Trump's new moves "may generate pressure on China to follow suit" and that the "importance of tax cuts" would be highlighted in domestic policy debates in Beijing. "It would tremendously help high earners", says Brian Thompson, a certified public accountant in Chicago. He had previously set up his own company, according to state media reports .
  • Major blow for Indian cricket as ICC abolished Big 3 Model

    Global News

    In addition to the revenue model, agreement on a new constitution to be put before the ICC Full Council was also reached. The BCCI had previously asked the ICC to retain the model until its annual general meeting in June - something the Pakistan Cricket Board (PCB) is against.
  • German soldier arrested on suspicion of planning attack

    German soldier arrested on suspicion of planning attack

    Global News

    He gave false information to authorities in Giessen, Hesse, on 30 December 2015 - as Germany was overwhelmed by the arrival of nearly a million asylum seekers. Isis has previously used a similar ploy, giving its militants fake Syrian passports that were found at the scene of the Paris attacks. A 24-year-old German national was also arrested on Wednesday on suspicion of serving as an accomplice to the soldier.
  • UK police arrest man with 'weapon' near Parliament

    UK police arrest man with 'weapon' near Parliament

    Global News

    Police said no one had been injured in the incident close to Prime Minister Theresa May's official Downing Street residence in Westminster but gave no further details. A Reuters reporter and photographer saw police holding a dark-skinned, bearded man dressed in a hooded, black coat. Police believe Masood, 52, a British-born Muslim convert with convictions for violence, acted alone.
  • China welcomes U.S. saying it's open to talks on North Korea

    Global News

    In recent weeks, however, the roles may have reversed, with a new administration in Washington bulldozing its way to the brink before finally backing away. The United States and South Korea agreed a year ago to deploy THAAD to counter the North Korean threat. That may be changing. "THAAD is a defensive system and it is being deployed, frankly, out of concern over South Korea's vulnerability to North Korea's continued aggressive behaviour".
  • Trump tax plan leaves Congress, Ryan with heavy lift

    Global News

    Mnuchin explained it in an interview, the plan would reduce the number of personal income tax brackets to three from seven: rates of 10 per cent, 25 per cent and 35 per cent. This proposal is aimed at easing the tax burden on most Americans. The plan also caps corporate tax rates at 15 percent. The New York Times' editorial board is blasting President Trump's new tax proposal as "laughable".
  • White House to host briefing on North Korea

    Global News

    Harris tells members of the House Armed Services Committee that "if it flies it will die" if launched against American war ships. - North Korea observers have long marveled at the ability of a small, impoverished, autocratic nation to go toe-to-toe with the world's superpowers.
  • Canada, Mexico stocks, currencies fall as United States mulls quitting NAFTA

    Global News

    In this case, the aim would not be so much to withdraw from NAFTA, which Trump has called a "disaster" for the U.S., but rather to force Mexico and Canada to more fully engage in renegotiating the trade pact. in 2015 by dollar value. The potential move comes after Trump imposed a 20% tariff on softwood lumber imports from Canada, which a second senior administration official described as only a "first shot across the bow".
  • Iran nuclear deal: Rex Tillerson accuses Tehran of 'alarming provocations'

    Iran nuclear deal: Rex Tillerson accuses Tehran of 'alarming provocations'

    Global News

    US Secretary of State Rex Tillerson said this week in a letter that Iran was fulfilling its commitments but warned that the White House was reviewing the agreement. Meanwhile back in Washington , Congress is debating new sanctions on Iran related to its ballistic missile program. The president's comments came in a almost 20-minute news conference Thursday afternoon with Italian Prime Minister Paolo Gentiloni, with Trump weighing in on several global trouble spots, including Iran, North ...
  • Samsung Pay officially launches in the UAE

    Global News

    The new service which is simple to use and secure, can be used to make purchases nearly anywhere where you can usually swipe your debit or credit card. "We are extremely delighted to announce the integration of Samsung Pay with UPI for our consumers". Samsung has also managed to get all the major banks on board including the ADCB, HSBC, Emirates NBD, Mashreq, National Bank of Abu Dhabi, RAK Bank and Standard Chartered.