News brief: Big stories of the day

News brief: Big stories of the day

Nirmala Sitharaman

Angel tax provisions for startups and investors withdrawn: Nirmala Sitharaman

Finance minister Nirmala Sitharaman announced a big rollback on taxation asserting that there would be no surcharge on long and short term capital gain.

Will impose new tariffs on $75 billion US imports: China

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China announced Friday it will hit US imports worth $75 billion with new tariffs starting September 1 and December 15, as retaliation for Washington's planned tariff hikes in a bruising trade war.

Putin orders Russian military to prepare 'symmetric response' after US missile test

Russian President Vladimir Putin on Friday said he has ordered the military to prepare a "symmetric response" after Washington announced this week it had tested a formerly banned missile.

Now, Ireland may block EU-Mercosur deal over Amazon fire

Ireland may vote to block a trade deal between the EU and South American nations if Brazil fails to curb record fires ravaging the Amazon, Prime Minister Leo Varadkar said Friday.

A flight attendant on Friday accused Cathay Pacific of summarily firing her over Facebook posts linked to Hong Kong's political crisis, adding to concerns about a China-driven witch-hunt to root out pro-democracy supporters at major firms.