China defies Elon Musk’s warnings, pushes ahead with hydrogen

Tesla Inc. Chief Executive Officer Elon Musk has spent years mocking the idea of using hydrogen fuel cells rather than electric batteries to power next-generation green vehicles. “Fuel cells = fool sells,” the boss of the world’s top electric-car maker tweeted in June. China, the world’s biggest market for electric vehicles, isn’t so quick to […]

Minister: Saudi Arabia has no plans to review VAT

Dubai: Saudi Minister of Finance Mohammed Al Jadaan said there were no plans to reconsider the Value Added Tax (VAT) policy in the short- to medium-term. The government hiked the rate from 5 per cent to 15 from July 1, as part of  measures taken to offset the economic impact of the coronavirus on government revenues.  Addressing […]

Jobs are making a return in India to pre-COVID-19 levels

Mumbai: Jobs are returning in India as the economy recovers from lockdown-related losses, according to the head of a top staffing firm. Quess Corp., which claims to be India’s largest private-sector employer providing staffing services to companies, saw its workforce rise in October for the first time since the coronavirus outbreak. Its numbers had dropped […]