Govt eases FDI rules; relaxes sourcing norms for single-brand retailers, allows 100% foreign direct investment in contract manufacturing. Apple to directly sell iPhones in India online soon. Government panel on Direct Tax Code proposes revisions to income tax slabs and rates. RBI releases annual report for FY19. Valuation methodology for foreign exchange gains may have changed, analysts say. Google severs one of its last links with China. Google faces another EU antitrust investigation – this time, over its job search tool. PM Boris Johnson gets Queen’s assent to prorogue Parliament till 14 October. Trump and Johnson are “gung-ho” about a post-Brexit UK-US trade deal.