New labour codes are set to redefine wage calculations, impacting salary structures, PF contributions, and gratuity payouts. The broader definition of ‘wages’ means more components will be included, potentially increasing employee benefits and employer liabilities. Fixed-term employees now qualify for gratuity after one year of service.

An oil tanker seized by American forces off the Venezuelan coast will be brought to a port in the United States, the White House said Thursday, as fears mount of open conflict between the two countries.

The US imposed sanctions on three nephews of Venezuelan President Nicols Maduro, among others, on Thursday as President Donald Trump looks to inflict further pressure on the South American nation.