The European Union's highest court overturned a 2015 tax ruling against Fiat Chrysler, dealing t...he bloc's regulators a new setback in a crackdown on multinational corporations' efforts to financially shield their operations. show more

China's factory gate prices or producer price index (PPI) fell by 1.3% year-on-year for October,... its first decline since December 2020, the National Bureau of Statistics (NBS) data showed on Wednesday. This was driven by faltering domestic demand amid COVID-19 curbs, a property slump and global recession risk hitting the economy. Consumer inflation moderated from a 29-month high in September.China's factory gate prices or producer price index (PPI) fell by 1.3% year-on-year for October, its first decline since December 2020, the National Bureau of Statistics (NBS) data showed on Wednesday. This was driven by faltering domestic demand amid COVID-19 curbs, a property slump and global recession risk hitting the economy. Consumer inflation moderated from a 29-month high in September. show more

During the 27th Session of the Conference of Parties to the UN Framework Convention on Climate Chang...e (COP27), which will be held in Sharm El-Sheikh, Egypt, from November 6 to 18, India plans to push for clarity on the definition of climate finance for developing countries. show more

On Friday, November 4, 2022, the Supreme Court upheld the Employees' Pension (Amendment) Scheme,... 2014 as "legal and valid," while reading down certain provisions of the scheme affecting current members. show more

According to media reports, the Lahore High Court accepted for hearing on Wednesday a petition calli...ng for PTI Chairman Imran Khan to be removed as party chief following his disqualification in the Toshakhana reference. show more

The US Federal Reserve System on Wednesday raised its benchmark interest rate by 0.75% for the fourt...h straight time. The move will raise its key rate to a range of 3.75% to 4%, the highest since January 2008. Further, this is the sixth time this year that the Fed has raised its key rate. show more

The Supreme Court agreed on Monday to hear a petition challenging the Centre's decision to link ...electoral roll data with the Aadhaar ecosystem. show more

Barack Obama said at the UN Climate Change Summit in New York in 2014, "There is one issue that... will define the contours of this century more dramatically than any other, and that is the urgent and growing threat of a changing climate." show more

New Zealand farmers will begin paying a levy on agricultural emissions by 2025, according to Prime M...inister Jacinda Ardern, a world first. Ardern said Tuesday in Wellington that the government will follow the main recommendation of the He Waka Eke Noa primary sector climate action partnership and price emissions at the farm level rather than including them in the nation's emissions trading scheme. By 2025, farmers will be required to pay a regulated price for their methane, carbon dioxide, and nitrous oxide emissions. show more

The Organization for Economic Cooperation and Development, or OECD, has published a framework to hel...p tax authorities gain a better understanding of crypto transactions and the people behind them. show more

In the midst of Pakistan's humanitarian crisis, the legislative assembly's adoption of a new... taxation law has fueled public discontent in several parts of Gilgit-Baltistan, where the general public has already been suffering from a prolonged electricity shortage. show more

The European Union has agreed to impose emergency measures in order to charge energy companies for t...heir record profits, as well as mandatory cuts in electricity use, have been agreed upon by ministers. The plan includes a levy on the surplus profits of fossil fuel companies, as well as a levy on excess revenues generated by rising electricity costs. show more

The Lord Mayor of London, Vincent Keaveny, has stated that the free trade agreement (FTA) talks betw...een India and the United Kingdom are nearing completion. "PM Narendra Modi has made it clear that he wants to sign...FTA by Diwali," said Keaveny, who recently visited India. He did, however, mention that there are some unresolved issues. show more

Iran has offered ONGC Videsh Ltd (OVL) and its partners a 30% stake in the Farzad-B gas field develo...pment in the Persian Gulf. According to officials, OVL was granted the right to participate in field development under the Exploration Service Contract. The gas field was discovered by OVL in the 3,500 square km Farsi offshore block. show more

Bank of England (BoE) raised its key interest rate from 1.75% to 2.25% on Thursday and said it would... continue to "respond forcefully, as necessary" to inflation. BoE's Monetary Policy Committee also voted unanimously to reduce its government bond holdings worth £838 billion by £100 billion over the coming year. Inflation in October to peak at about 11%, BoE said. show more