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Lufthansa said on Sunday it would launch a capital increase that was expected to raise 2.14 billion euros ($2.51 billion) to pay back part of a state bailout Germany's top airline received during the coronavirus crisis. Watch this report for more details.

Lufthansa launches $2.5 billion capital plan

In the aftermath of the recent moves by Yes Bank against Dish TV, news headlines about Yes Bank and Dish TV have been in the spotlight in the markets over the previous several days.

Yes Bank has requested that new directors be appointed to Dish TV, including one who was under SEBI investigation for selective disclosure and had to settle the matter after paying a large sum of money.

Yes Bank and proxy advice firm Institutional Investor Advisory Services India Limited (IiAS) are now deeply embroiled in the issues they have raised.&nbsp;

Both companies are facing severe market issues regarding the hidden goals and nefarious motives behind their actions.&nbsp;

Here are some:

<ul>
	<li>What was the motivation behind Yes Bank's proposal?</li>
	<li>Why did IiAS back it?</li>
	<li>Are Yes Bank and IiAS attempting to deceive large investors?</li>
	<li>Why are Yes Bank and IiAS disseminating biased information?</li>
	<li>Is IiAS representing someone who wants to take over Dish TV Network?</li>
	<li>According to the IiAS, financial results should be withheld.</li>
	<li>Who will gain from this decision?</li>
	<li>What is the purpose of this warning?</li>
	<li>Why is the IiAS silent about Yes Bank's plan to appoint someone who has been subject to regulatory action?</li>
	<li>What exactly is the issue with the rights?</li>
	<li>Money will go into the company rather than into the pockets of individuals, so what exactly is the issue?</li>
	<li>What is the goal of Yes Bank?&nbsp;</li>
	<li>Why is there a demand for a change in Dish TV management? What does Yes Bank want to achieve by doing so?</li>
	<li>Do the Yes Bank nominees have the requisite DTH industry experience?&nbsp; 
	&nbsp;
	<div class="ui-state-default" contenteditable="false">
	<div class="twitter-block" draggable="false">
	<blockquote class="twitter-tweet">
	प्रॉक्सी एडवाइजरी फर्म IiAS क्या किसी कॉरपोरेट घराने के इशारे पर कर रही काम? 
	 
	कॉरपोरेट गवर्नेंस पर इतना पक्षपात क्यों? 
	 
	यस बैंक के प्रस्तावित नॉमिनी के खिलाफ SEBI का ऑर्डर, उस पर IiAS चुप क्यों? IiAS और यस बैंक से सवाल।<a href="https://twitter.com/hashtag/DishTV?src=hash&amp;ref_src=twsrc%5Etfw">#DishTV</a> <a href="https://twitter.com/hashtag/YesBank?src=hash&amp;ref_src=twsrc%5Etfw">#YesBank</a> <a href="https://twitter.com/AnilSinghvi_?ref_src=twsrc%5Etfw">@AnilSinghvi_</a> <a href="https://twitter.com/BrajeshKMZee?ref_src=twsrc%5Etfw">@BrajeshKMZee</a> <a href="https://twitter.com/SwatiKJain?ref_src=twsrc%5Etfw">@SwatiKJain</a> <a href="https://t.co/Gu9kULqxs0">pic.twitter.com/Gu9kULqxs0</a>
	— Zee Business (@ZeeBusiness) <a href="https://twitter.com/ZeeBusiness/status/1438765338183622665?ref_src=twsrc%5Etfw">September 17, 2021</a></blockquote>
	<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
	<a class="close-mark close-div" href="#" id="jqclosemark">×</a></div>

	&nbsp;
	</li>
</ul>

There are numerous reasons to be suspicious about Yes Bank's and IiAS's actions and intentions in the Dish TV case.

There appears to be a plan in place to raise investor worries, but such a move might jeopardise the proxy firm's credibility.

Yes Bank and IiAS were contacted by Zee Media for comment, but no answer was received at the time of publication of this report.&nbsp;

In the aftermath of the recent moves by Yes Bank against Dish TV, news headlines about Yes Bank and Dish TV have been in the spotlight in the markets over the previous several days.

In the aftermath of the recent moves by Yes Bank against Dish TV, news headlines about Yes Bank and Dish TV have been in the spotlight in the markets over the previous several days. Yes Bank has requested that new directors be appointed to Dish TV, including one who was under SEBI investigation for selective disclosure and had to settle the matter after paying a large sum of money. Yes Bank and proxy advice firm Institutional Investor Advisory Services India Limited (IiAS) are now deeply embroiled in the issues they have raised. Both companies are facing severe market issues regarding the hidden goals and nefarious motives behind their actions. Here are some: What was the motivation behind Yes Bank's proposal? Why did IiAS back it? Are Yes Bank and IiAS attempting to deceive large investors? Why are Yes Bank and IiAS disseminating biased information? Is IiAS representing someone who wants to take over Dish TV Network? According to the IiAS, financial results should be withheld. Who will gain from this decision? What is the purpose of this warning? Why is the IiAS silent about Yes Bank's plan to appoint someone who has been subject to regulatory action? What exactly is the issue with the rights? Money will go into the company rather than into the pockets of individuals, so what exactly is the issue? What is the goal of Yes Bank? Why is there a demand for a change in Dish TV management? What does Yes Bank want to achieve by doing so? Do the Yes Bank nominees have the requisite DTH industry experience? प्रॉक्सी एडवाइजरी फर्म IiAS क्या किसी कॉरपोरेट घराने के इशारे पर कर रही काम? कॉरपोरेट गवर्नेंस पर इतना पक्षपात क्यों? यस बैंक के प्रस्तावित नॉमिनी के खिलाफ SEBI का ऑर्डर, उस पर IiAS चुप क्यों? IiAS और यस बैंक से सवाल।#DishTV #YesBank @AnilSinghvi_ @BrajeshKMZee @SwatiKJain pic.twitter.com/Gu9kULqxs0 — Zee Business (@ZeeBusiness) September 17, 2021 × There are numerous reasons to be suspicious about Yes Bank's and IiAS's actions and intentions in the Dish TV case. There appears to be a plan in place to raise investor worries, but such a move might jeopardise the proxy firm's credibility. Yes Bank and IiAS were contacted by Zee Media for comment, but no answer was received at the time of publication of this report.

Attempt to mislead big investors? Proxy advisory firm IiAS, Yes Bank's intentions under the spotlight in Dish TV matter

Marks & Spencer is closing 11 of its stores in France because of supply chain problems related to Brexit. Watch this report for more details.

Marks & Spencer stores facing supply crunch over Brexit

Over the previous 11 months, China has cracked down on its internet behemoths.

As China begins to silence its internet billionaires, companies like Tencent, Alibaba Group, Ant Group, Didi, and others have faced growing regulatory pressure.

The Chinese government's antagonistic approach has resulted in the world's largest wealth loss.

The Chinese stock markets have already lost about three-quarters of a trillion dollars.&nbsp;

According to Bloomberg, Colin Huang, the founder of Chinese e-commerce platform Pinduoduo Inc (PDD), has the unpleasant distinction of being the man who has lost the most money this year.

According to Bloomberg's Billionaire Index, Huang's wealth has decreased by $27 billion (RMB 174 billion).

The cause for the historic decrease is a free plunge in Pinduoduo's stock following CCP's crackdown on internet behemoths.

Huang's abrupt decrease is the most extreme of any of the index's participants.

Hui Ka Yan, Chairman of Evergrande, one of China's leading real estate developers and currently mired in debt, lost only $16 billion.&nbsp;

According to the Bloomberg ranking, six of the ten billionaires with the largest net worth decreases this year are from China.

Zhong Shanshan, the chairman of bottled water company Nongfu Spring Co, has lost $18 billion, as has Hui, the embattled developer Evergrande, and Tencent's Pony Ma, who has lost more than $10 billion.&nbsp;

(With inputs from agencies)

Over the previous 11 months, China has cracked down on its internet behemoths. As China begins to silence its internet billionaires, companies like Tencent, Alibaba Group, Ant Group, Didi, and others have faced growing regulatory pressure.

Over the previous 11 months, China has cracked down on its internet behemoths. As China begins to silence its internet billionaires, companies like Tencent, Alibaba Group, Ant Group, Didi, and others have faced growing regulatory pressure. The Chinese government's antagonistic approach has resulted in the world's largest wealth loss. The Chinese stock markets have already lost about three-quarters of a trillion dollars. According to Bloomberg, Colin Huang, the founder of Chinese e-commerce platform Pinduoduo Inc (PDD), has the unpleasant distinction of being the man who has lost the most money this year. According to Bloomberg's Billionaire Index, Huang's wealth has decreased by $27 billion (RMB 174 billion). The cause for the historic decrease is a free plunge in Pinduoduo's stock following CCP's crackdown on internet behemoths. Huang's abrupt decrease is the most extreme of any of the index's participants. Hui Ka Yan, Chairman of Evergrande, one of China's leading real estate developers and currently mired in debt, lost only $16 billion. According to the Bloomberg ranking, six of the ten billionaires with the largest net worth decreases this year are from China. Zhong Shanshan, the chairman of bottled water company Nongfu Spring Co, has lost $18 billion, as has Hui, the embattled developer Evergrande, and Tencent's Pony Ma, who has lost more than $10 billion. (With inputs from agencies)

China cracks down on tech titans: Billionaire loses $27 billion in world's biggest wealth drop

China's most indebted property developer Evergrande Group is struggling to solve its debt crisis. Watch this video for more details.

World Business Watch: Biggest test for China's Financial system

Rolls-Royce’s first all-electric aircraft has completed its maiden flight, soaring across skies in the U.K. for around 15 minutes this week. Watch this report for more details.

All-Electric passenger plane to be ready by 2024

According to an independent investigation the World Bank leaders including then CEO and current IMF MD Kristalina Georgieva, have applied in fact undue pressure on staff to boost china's ranking in banks doing business 2018 report.

World Business Watch | Report: Georgieva pressured employees to favour China

Australia’s graphic designing website, Canva, took over the world in a few years and has now become one of the biggest privately-owned companies of the world.<o:p></o:p>

Canva recently got valued at $40 billion (£29bn) which the company believes is a direct result of the pandemic. As majority of the customers of Canva started working from home in the pandemic, the company was able to reveal fresh $200m of private equity investment.<o:p></o:p>

Analysts believe this new announcement has put Canva in the list of world’s most valuable start-ups. It is now the fifth most valuable start-ups in the world. The companies before Canva are TikTok-owner ByteDance, payment platform Stripe, Elon Musk-owned SpaceX and financial tech firm Klarna.<o:p></o:p>

This also takes one of its co-founders in the list of top 10 richest people in Australia.<o:p></o:p>

Canva is a graphic designing platform that was founded in Sydney in 2013 by 34-year-old Melanie Perkins and 35-year-old Cliff Obrecht, who now own nearly 36 per cent of the company. The website allows users to design resumes, CVs, posters, calendars, schedules and more through pre-loaded templates. It also gives options to edit, crop and resize images.<o:p></o:p>

The platform has grown to 60 million users in over 190 countries, the officials claim. Out of these, nearly 500,000 are paying customers which includes big names such as famous video-messaging app Zoom, payment platform PayPal, Marriott International and American Airlines. <o:p></o:p>

Experts are also predicting a revenue of nearly $1 billion by the end of the year.<o:p></o:p>

The co-founders have also decided to donate nearly 30 per cent of their company’s wealth for charitable causes in the future.<o:p></o:p>

Australia’s graphic designing website, Canva, took over the world in a few years and has now become one of the biggest privately-owned companies of the world. Canva recently got valued at $40 billion (£29bn) which the company believes is a direct result of the pandemic.

Australia’s graphic designing website, Canva, took over the world in a few years and has now become one of the biggest privately-owned companies of the world. Canva recently got valued at $40 billion (£29bn) which the company believes is a direct result of the pandemic. As majority of the customers of Canva started working from home in the pandemic, the company was able to reveal fresh $200m of private equity investment. Analysts believe this new announcement has put Canva in the list of world’s most valuable start-ups. It is now the fifth most valuable start-ups in the world. The companies before Canva are TikTok-owner ByteDance, payment platform Stripe, Elon Musk-owned SpaceX and financial tech firm Klarna. This also takes one of its co-founders in the list of top 10 richest people in Australia. Canva is a graphic designing platform that was founded in Sydney in 2013 by 34-year-old Melanie Perkins and 35-year-old Cliff Obrecht, who now own nearly 36 per cent of the company. The website allows users to design resumes, CVs, posters, calendars, schedules and more through pre-loaded templates. It also gives options to edit, crop and resize images. The platform has grown to 60 million users in over 190 countries, the officials claim. Out of these, nearly 500,000 are paying customers which includes big names such as famous video-messaging app Zoom, payment platform PayPal, Marriott International and American Airlines. Experts are also predicting a revenue of nearly $1 billion by the end of the year. The co-founders have also decided to donate nearly 30 per cent of their company’s wealth for charitable causes in the future.

Australian designing website Canva valued at $40bn

A majority of Japanese firms say the world's third-largest economy will recover to pre-pandemic levels in fiscal 2022. Watch this report for more details.

World Business Watch : Japan economy to recover in FY2022, shows Reuters poll

The central government on Wednesday approved a ₹26,058 crore scheme to encourage the production of automobiles, auto parts, and drones.

World Business Watch | India: Incentives for auto, Drone production

On Wednesday, shares of Macau casino operators shed as much as a third of their value, losing about $18 billion, as the government kicked off a regulatory overhaul that could see its officials supervising companies in the world's largest gambling hub.

World Business Watch: China to crackdown on gambling destination

Economy Minister Tatiana Clouthier sais that Mexico aims to boost its manufacturing of semiconductors. It may build production facilities in its southern states. Watch this video for more details.

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We're in a sign that corporate spending is perking up despite a wider hit to the economy from the pandemic of Coronavirus. Japan's core machinery orders have risen in July after a dip.

World Business Watch: Japan's machinery orders rebound in sign of capex recovery

Australia has seen 13% rise in cybercrime reports in the last one year. Watch this video for more details.

World Business Watch : Australia sees 13 % rise in cyber crime

At the much anticipated Apple event in the US, Apple has unveiled the iPhone 13 and a new iPad mini expanding its 5g connectivity and showing off faster chips and sharper cameras without raising the phone's price.

World Business Watch: Apple introduces iPhone 13 and iPhone 13 Mini

Due to a major trade dispute between India and the United States over the supply and sale of organic soy meal, Americans may have to pay more for organic eggs.

The US relies on the South Asian nation for more than 40% of its organic soy meal used to feed chickens.

The Organic Soybean Processors of America had previously complained to the US Department of Commerce (DOC) and the US International Trade Commission (ITC) that organic soybean meal from India is being sold at less than fair value in the US.

The trade group had demanded antidumping and countervailing duties on Indian imports.

The US International Trade Commission is currently investigating the allegations made by Organic Soybean Processors of America.

According to Ryan Koory, director of economics for Mercaris, which tracks organic markets, the outcome of the investigation will most likely result in "significant tariffs."

This has frightened merchandisers, who are stockpiling soy meal in response, resulting in tight supplies and a price increase, according to Bloomberg.

The increase in the price of organic soy meal may increase the price of organic eggs.

According to the report, organic meat and dairy may become more expensive.&nbsp;

(With inputs from agencies)

Due to a major trade dispute between India and the United States over the supply and sale of organic soy meal, Americans may have to pay more for organic eggs. The US relies on the South Asian nation for more than 40% of its organic soy meal used to feed chickens.

Due to a major trade dispute between India and the United States over the supply and sale of organic soy meal, Americans may have to pay more for organic eggs. The US relies on the South Asian nation for more than 40% of its organic soy meal used to feed chickens. The Organic Soybean Processors of America had previously complained to the US Department of Commerce (DOC) and the US International Trade Commission (ITC) that organic soybean meal from India is being sold at less than fair value in the US. The trade group had demanded antidumping and countervailing duties on Indian imports. The US International Trade Commission is currently investigating the allegations made by Organic Soybean Processors of America. According to Ryan Koory, director of economics for Mercaris, which tracks organic markets, the outcome of the investigation will most likely result in "significant tariffs." This has frightened merchandisers, who are stockpiling soy meal in response, resulting in tight supplies and a price increase, according to Bloomberg. The increase in the price of organic soy meal may increase the price of organic eggs. According to the report, organic meat and dairy may become more expensive. (With inputs from agencies)

US citizens to pay more for organic eggs amid a trade dispute with India

India’s federal cabinet on Wednesday approved an aid package for its cash-strapped telecommunications sector, including a four-year moratorium on radio wave payments owed to the government, the country’s telecommunications minister said.

The deferred payment cycle will begin in October. On January 1, Telecom Minister Ashwini Vaishnaw said at a press conference, giving Debt-burdened Vodafone Idea, which previously said it risks a shutdown without government help, more time to pay off bills. dues.

Vodafone Idea shares rose 2.9 per cent on the news, while Bharti Airtel closed 4.5 per cent in a broader Mumbai market that closed 0.8 per cent higher.

Bharti Airtel and Reliance Jio said the move will boost growth in the telecommunications industry. Vodafone Idea did not respond to a request for comment.

India’s telecoms sector struggled in late 2016 with the entry of billionaire Mukesh Ambani Reliance Jio, sparking a price war that forced some rivals to exit the market and turned profits into losses.

Vaishnaw said the government was changing the controversial definition of adjusted gross income (AGR) to count only telecommunications income.

India had long argued that even companies’ non-telecom revenue was part of AGR, leading to a lengthy legal battle that culminated in 2019 with the Supreme Court sided with government opinion and led to a hefty bill of approximately $ 13 billion for wireless carriers. .

All telecom reforms will apply in the future and not retroactively, Vaishnaw said, meaning that Indian operators have yet to settle billions of dollars in outstanding AGR payments to the government.

Respect for the idea of Vodafone

The measures, which also include a four-year deferral in the payment of AGR dues, will likely alleviate the cash crisis at Vodafone Idea.

The Supreme Court had ordered the companies to settle AGR quotas by 2031.

Vodafone Idea, a combination of Britain’s Vodafone Group’s Indian unit and the national telecommunications firm Idea Cellular, has paid the government $ 1.07 billion(78.54 billion rupees) in AGR installments, but still owes roughly 500 billion.

It has a net debt of 1.91 trillion rupees and the resignation of its billionaire president last month sparked fears that India could be left with just two major operators.

On Wednesday, Vaishnaw said the government did not want a duopoly.

"We believe that there must be healthy competition in the sector. And for that there will be more reforms when the 5G spectrum is auctioned … so that more and more players can enter this sector," said Vaishnaw.

Bharti Airtel has said he paid fees estimated at Rs 180 billion and government figures show he owes another Rs 259.76 billion.

India’s newest operator, Reliance Jio, has already paid its small share of AGR’s fees.

The cabinet also allowed 100 per cent foreign direct investment in the sector through the automatic route, Vaishnaw said, a move that will allow easy investment in the sector without independent government approvals.

The measures announced in the telecommunications package include increasing the tenure of radio waves in the hands of companies to 30 years from the current 20 years, eliminating the charge for use of radio waves acquired through future auctions and sharing the spectrum completely free to operators, Vaishnaw said.

"The relief comes just in time and, at the very least, it will help telecommunications companies navigate the market," said Sonam Chandwani, managing partner at the law firm KS Legal &amp; Associates.

India’s federal cabinet on Wednesday approved an aid package for its cash-strapped telecommunications sector, including a four-year moratorium on radio wave payments owed to the government, the country’s telecommunications minister said.

India’s federal cabinet on Wednesday approved an aid package for its cash-strapped telecommunications sector, including a four-year moratorium on radio wave payments owed to the government, the country’s telecommunications minister said. The deferred payment cycle will begin in October. On January 1, Telecom Minister Ashwini Vaishnaw said at a press conference, giving Debt-burdened Vodafone Idea, which previously said it risks a shutdown without government help, more time to pay off bills. dues. Vodafone Idea shares rose 2.9 per cent on the news, while Bharti Airtel closed 4.5 per cent in a broader Mumbai market that closed 0.8 per cent higher. Bharti Airtel and Reliance Jio said the move will boost growth in the telecommunications industry. Vodafone Idea did not respond to a request for comment. India’s telecoms sector struggled in late 2016 with the entry of billionaire Mukesh Ambani Reliance Jio, sparking a price war that forced some rivals to exit the market and turned profits into losses. Vaishnaw said the government was changing the controversial definition of adjusted gross income (AGR) to count only telecommunications income. India had long argued that even companies’ non-telecom revenue was part of AGR, leading to a lengthy legal battle that culminated in 2019 with the Supreme Court sided with government opinion and led to a hefty bill of approximately $ 13 billion for wireless carriers. . All telecom reforms will apply in the future and not retroactively, Vaishnaw said, meaning that Indian operators have yet to settle billions of dollars in outstanding AGR payments to the government. Respect for the idea of Vodafone The measures, which also include a four-year deferral in the payment of AGR dues, will likely alleviate the cash crisis at Vodafone Idea. The Supreme Court had ordered the companies to settle AGR quotas by 2031. Vodafone Idea, a combination of Britain’s Vodafone Group’s Indian unit and the national telecommunications firm Idea Cellular, has paid the government $ 1.07 billion(78.54 billion rupees) in AGR installments, but still owes roughly 500 billion. It has a net debt of 1.91 trillion rupees and the resignation of its billionaire president last month sparked fears that India could be left with just two major operators. On Wednesday, Vaishnaw said the government did not want a duopoly. "We believe that there must be healthy competition in the sector. And for that there will be more reforms when the 5G spectrum is auctioned … so that more and more players can enter this sector," said Vaishnaw. Bharti Airtel has said he paid fees estimated at Rs 180 billion and government figures show he owes another Rs 259.76 billion. India’s newest operator, Reliance Jio, has already paid its small share of AGR’s fees. The cabinet also allowed 100 per cent foreign direct investment in the sector through the automatic route, Vaishnaw said, a move that will allow easy investment in the sector without independent government approvals. The measures announced in the telecommunications package include increasing the tenure of radio waves in the hands of companies to 30 years from the current 20 years, eliminating the charge for use of radio waves acquired through future auctions and sharing the spectrum completely free to operators, Vaishnaw said. "The relief comes just in time and, at the very least, it will help telecommunications companies navigate the market," said Sonam Chandwani, managing partner at the law firm KS Legal & Associates.

India announces measures to prop up telecom sector; respite for Vodafone Idea

Toyota Motor Corp and Tesla clashed with Ford Motor Co (F.N) and the UAW union over a proposal by Democrats in the U.S. House to give union-made, U.S.-built electric vehicles an additional $4,500 tax incentive.

World Business Watch: Union-made, US-built EVs to get $4500 incentive

Leading Democrats in the US House of Representatives proposed a substantial roll-back of former President Donald Trump's tax cuts, including raising the top tax rate on corporations to 26.5% from the current 21%.

World Business Watch: House Democrats seek to roll back tax cuts for wealthy

Uber drivers are employees rather than independent contractors and are entitled to greater workers rights, a Dutch court has ruled it. It is the latest court victory for unions fighting for the rights of workers in the gig economy.

World Business Watch: Uber drivers are employees, not contractors, says Dutch court

The wholesale price-based inflation rose marginally to 11.39 per cent in August, mainly due to higher prices of manufactured goods, even as prices of food articles softened.

Snapping the two-month easing trend, WPI inflation rose in August and remained in double-digit for the fifth consecutive month. In July 2021, WPI inflation stood at 11.16 per cent. In August 2020, WPI inflation was at 0.41 per cent.

"The high rate of inflation in August 2021 is primarily due to rise in prices of non-food articles, mineral oils; crude petroleum and natural gas; manufactured products like basic metals; food products; textiles; chemicals and chemical products etc as compared the corresponding month of the previous year," the Commerce and Industry Ministry said in a statement.

Inflation in food articles eased for the fourth straight month, recording (-) 1.29 per cent in August, from zero per cent in July, even as onion and pulses prices spiked.&nbsp;

Inflation in onions was high at 62.78 per cent&nbsp;while that in pulses was 9.41 per cent. In vegetables, it was (-) 13.30 per cent in August.

Inflation in crude petroleum and natural gas was 40.03 per cent in August.

In manufactured products, inflation stood at 11.39 per cent in August&nbsp;against 11.20 per cent in July.

The RBI&nbsp;which mainly takes into account retail inflation&nbsp;in its monetary policy last month had kept interest rates unchanged at record lows. It projected CPI or retail inflation at 5.7 per cent during 2021-22, up from its earlier projection of 5.1 per cent.

Data released on Monday showed that retail inflation softened to a four-month low of 5.3 per cent in August&nbsp;from 5.59 per cent in the previous month&nbsp;led by subdued prices of food articles.

The wholesale price-based inflation rose marginally to 11.39 per cent in August, mainly due to higher prices of manufactured goods, even as prices of food articles softened.

The wholesale price-based inflation rose marginally to 11.39 per cent in August, mainly due to higher prices of manufactured goods, even as prices of food articles softened. Snapping the two-month easing trend, WPI inflation rose in August and remained in double-digit for the fifth consecutive month. In July 2021, WPI inflation stood at 11.16 per cent. In August 2020, WPI inflation was at 0.41 per cent. "The high rate of inflation in August 2021 is primarily due to rise in prices of non-food articles, mineral oils; crude petroleum and natural gas; manufactured products like basic metals; food products; textiles; chemicals and chemical products etc as compared the corresponding month of the previous year," the Commerce and Industry Ministry said in a statement. Inflation in food articles eased for the fourth straight month, recording (-) 1.29 per cent in August, from zero per cent in July, even as onion and pulses prices spiked. Inflation in onions was high at 62.78 per cent while that in pulses was 9.41 per cent. In vegetables, it was (-) 13.30 per cent in August. Inflation in crude petroleum and natural gas was 40.03 per cent in August. In manufactured products, inflation stood at 11.39 per cent in August against 11.20 per cent in July. The RBI which mainly takes into account retail inflation in its monetary policy last month had kept interest rates unchanged at record lows. It projected CPI or retail inflation at 5.7 per cent during 2021-22, up from its earlier projection of 5.1 per cent. Data released on Monday showed that retail inflation softened to a four-month low of 5.3 per cent in August from 5.59 per cent in the previous month led by subdued prices of food articles.

India's WPI inflation rose in August over costlier manufactured goods

Private sector companies in the UAE will have to fill 10 percent of their positions with Emirati nationals in five years' time, the UAE said on Sunday in its latest tranche of economic reforms.

UAE: Private sector to fill 10% positions with Emiratis in five years

Japan's wholesale inflation hovered near a 13-year high in August as raw material imports continued to rise on solid global demand, putting pressure on companies to pass on higher costs to households.

World Business Watch: Japan's wholesale inflation hovers near 13-year high as material costs rise

Oil prices climbed on Monday to a one-week high in a second straight session of gains as concerns over US supplies following damage from Hurricane Ida supported the market, along with expectations for higher demand.

World Business Watch: Global oil price climbs to one-week high on US supply concerns

Indian industry body Assocham said that there are signs of improved consumer confidence in several key sectors, including hospitality, of the economy.

World Business Watch: Indian consumer confidence showing signs of pick up in Q2 says Assocham

Uber drivers are employees rather than independent contractors and are entitled to greater workers' rights, a Dutch court ruled on Monday.

It is the latest court victory for unions fighting for the rights of workers in the gig economy after a similar decision in Britain.

The Amsterdam District Court sided with the Federation of Dutch Trade Unions, which had argued that Uber drivers are in fact employees of a taxi company and should be granted the same pay and benefits as other workers in the sector.

Uber said it will appeal against the decision and "has no plans to employ drivers in the Netherlands".

"We are disappointed with this decision because we know that the overwhelming majority of drivers wish to remain independent," Maurits Schönfeld, Uber's general manager for northern Europe, said. "Drivers don’t want to give up their freedom to choose if, when and where to work."

The court found that drivers who transport passengers via the Uber app are covered by the collective labour agreement for taxi transportation.

"The legal relationship between Uber and these drivers meets all the characteristics of an employment contract," the ruling said.

The FNV hailed the decision as a "huge victory for drivers," who will now receive higher pay and benefits.

"Due to the judge's ruling, the Uber drivers are now automatically employed by Uber," said Zakaria Boufangacha, FNV's deputy chairman. "As a result, they will receive more wages and more rights in the event of dismissal or illness, for example."

Uber drivers are in some cases entitled to back pay, the court said.

The judges also ordered Uber to pay a fine of 50,000 euros ($58,940) for failing to implement the terms of the labour agreement for taxi drivers.

In March, Uber said it would improve workers' rights, including the minimum wage, for all of its more than 70,000 British drivers after it lost a Supreme Court case in February.

Uber drivers are employees rather than independent contractors and are entitled to greater workers' rights, a Dutch court ruled on Monday. It is the latest court victory for unions fighting for the rights of workers in the gig economy after a similar decision in Britain.

Uber drivers are employees rather than independent contractors and are entitled to greater workers' rights, a Dutch court ruled on Monday. It is the latest court victory for unions fighting for the rights of workers in the gig economy after a similar decision in Britain. The Amsterdam District Court sided with the Federation of Dutch Trade Unions, which had argued that Uber drivers are in fact employees of a taxi company and should be granted the same pay and benefits as other workers in the sector. Uber said it will appeal against the decision and "has no plans to employ drivers in the Netherlands". "We are disappointed with this decision because we know that the overwhelming majority of drivers wish to remain independent," Maurits Schönfeld, Uber's general manager for northern Europe, said. "Drivers don’t want to give up their freedom to choose if, when and where to work." The court found that drivers who transport passengers via the Uber app are covered by the collective labour agreement for taxi transportation. "The legal relationship between Uber and these drivers meets all the characteristics of an employment contract," the ruling said. The FNV hailed the decision as a "huge victory for drivers," who will now receive higher pay and benefits. "Due to the judge's ruling, the Uber drivers are now automatically employed by Uber," said Zakaria Boufangacha, FNV's deputy chairman. "As a result, they will receive more wages and more rights in the event of dismissal or illness, for example." Uber drivers are in some cases entitled to back pay, the court said. The judges also ordered Uber to pay a fine of 50,000 euros ($58,940) for failing to implement the terms of the labour agreement for taxi drivers. In March, Uber said it would improve workers' rights, including the minimum wage, for all of its more than 70,000 British drivers after it lost a Supreme Court case in February.

Uber must classify drivers as employees, not contractors: Dutch court 