Around the Globe

Around the Globe

US warship sails near islands Beijing claims in South China Sea

A US Navy destroyer sailed near islands claimed by China in the South China Sea on Tuesday, three US officials told Reuters, prompting anger in Beijing, even as President Donald Trump’s administration seeks Chinese cooperation in reining in North Korea’s missile and nuclear programs.

The operation was the latest attempt to counter what Washington sees as Beijing’s efforts to limit freedom of navigation in the strategic waters. But it was not as provocative as previous ones carried out since Trump took office.

Catalonia nears independence proclamation despite Madrid warnings

Police tightened security at Catalonia’s parliament on Tuesday as regional leader Carles Puigdemont prepared to address a session that may unilaterally declare independence from Spain despite Madrid’s warnings of counter-measures.

Puigdemont, a 54-year-old former journalist, was holding a cabinet meeting on Tuesday morning to decide how to press an independence drive that has stirred powerful emotions in the region and raised concern in European Union partner states.

In Kim Jong Un’s summer retreat, fun meets guns

In the seaside city of Wonsan, North Korean families cook up barbecues on the beach, go fishing, and eat royal jelly flavour ice cream in the summer breeze. For their leader Kim Jong Un, the resort is a summer retreat, a future temple to tourism, and a good place to test missiles.

He is rebuilding the city of 360,000 people and wants to turn it into a billion-dollar tourist hotspot. At the same time, he has launched nearly 40 missiles from the area, as part of his accelerated tests of North Korea’s nuclear deterrent.

China goods sale to drop 45% this Diwali

Sale of Chinese goods like lights, gift items, lamps and wall hangings may decline by 40-45 per cent this Diwali compared with last year as Indians are likely to prefer domestic products like earthen diyas (lamps), according to a report. Chinese products had recorded a 30 per cent decline in sales last year on Diwali, the festival of lights that coincides with the Hindu New Year.

Transporters lose `2,000 cr as truck strike begins

Truckers went on a two-day strike from Monday hitting supplies across India; with transporters body AIMTC claiming a loss of Rs 2,000 crore to the sector. Truck operators across the country are on a two-day token strike against the goods and services tax (GST), high diesel prices, harassment by authorities on roads and toll policies, said the All India Motor Transport Congress (AIMTC).

Private jet glut spurs ‘insane’ bargains for aspiring buyers

Corporate-jet makers are flooding the market, spurring deep discounts for new aircraft and fueling a three-year slide in prices of used planes. Most major manufacturers, including Gulfstream and Bombardier Inc – which is also contending with rising hurdles in its commercial-jet business – have slowed production in the last couple years as demand for private jets sagged. That still hasn’t been enough to halt declines in aircraft values, say consultants, brokers and analysts in the $18 billion industry.

Ball in your court, weakened May tells EU on Brexit talks

British Prime Minister Theresa May told the European Union on Monday the “ball is in their court” in Brexit talks, trying to advance negotiations despite a party conference that left her weaker than ever.

May’s keynote speech at last week’s conference, meant to revive her premiership, was marred by a repetitive cough, a prankster handing her a bogus employment termination notice and a stage malfunction. That came after May called a snap election in June and lost her party its majority in parliament.

Expedite probe in coal allocation scam cases: SC

The Supreme Court today asked the Central Bureau of Investigation and the Enforcement Directorate to expedite probe in the coal allocation scam cases, saying they should devise some method to deal with them.

Govt asks taxpayers to file final July GST returns by tomorrow

The government today asked businesses to file final GST returns for the month of July by tomorrow as it ruled out any extension to the due date.

"An extension of two months has already been given. There will be no further extension given to taxpayers for filing their GSTR-1 return for July.

"Taxpayers who have not yet filed their GSTR-1 for July are advised to do so immediately," the finance ministry said in a statement.

Once a taxpayer files GSTR-1 by October 10, the corresponding entries in GSTR-2A of his buyer shall get auto populated.

No need for separate SIT to probe Panama papers leak matter: SC

The Supreme Court today ruled out setting up of a separate Special Investigation Team to probe the alleged revelation of offshore accounts of Indians in Panama papers leak, saying the multi-agency group set up by the government was already looking into the matter.