News

  Bloomberg Summer bonuses continue to grow at major Japanese companies, this year rising 1.4 percent on-year to the highest level since 2007, according to Health Ministry data. Bonuses for the 374 companies with available data were on average 843,577 yen ($8,250) this summer, just shy of levels nine years ago when additional compensation was at its highest on record. ...

Bloomberg Federal lawmaker George Christensen has threatened to quit the Liberal-National Party if a proposed tax on foreign workers remains in place, the Courier-Mail reported on its website. He told told locals in his Queensland state electorate before national elections in July that he would quit the governing party if the so-called backpacker tax remained, the Courier-Mail said. “I believe ...

  TOKYO/ AP Eighty-eight places in Japan are going to be designated “animation spots” to encourage visitors to seek out the train stations, school campuses, rural shrines and other fairly everyday places where popular “manga” characters are depicted. Such landmarks number in the tens of thousands, given the popularity and volume of “manga” comics in Japan, but the project aims ...

Washington / AFP Two months ago, disagreements at the heart of the US Federal Reserve spilled out into the open, with policymakers squaring off over the near-term threat of inflation. And yet as the Federal Open Market Committee prepares to meet again next Tuesday and Wednesday to review interest rate policy, widespread expectations are that, for a sixth consecutive meeting, ...

  Bloomberg Italy’s Prime Minister Matteo Renzi, facing a key referendum at home later this year, accused Germany, France and Spain of breaking European Union rules on deficit control and spending in an interview with Corriere della Sera. Nations “will have to justify themselves for failing to respect the rules,” he told the Italian newspaper. “The size of Spain’s deficit ...

  BLOOMBERG Denmark’s government is ready to tackle liquidity shortages that have hit the world’s biggest market for mortgage-backed covered bonds, as it addresses risks that both the industry and investors warn are a serious side-effect of global regulation. Business Minister Troels Lund Poulsen told Bloomberg he will back a proposal by a government-appointed panel to stop forcing mortgage lenders ...

  Bloomberg The U.K. is losing its appeal for Poles seeking work abroad. While Britain is still home to more Polish expatriates than any other European country, Germany has become more of a lure, with about 41,000 moving there in 2015. That’s the fourth consecutive year that Europe’s biggest economy has been more attractive to them than the U.K. In ...

  Montreal / AFP Donors pledged nearly $13 billion on Saturday in the fight to eradicate AIDS, tuberculosis and malaria by 2030, Canadian Prime Minister Justin Trudeau announced at an international conference. “It is my great honor to announce that for the fifth replenishment conference for the Global Fund to end AIDS, tuberculosis and malaria, we have reached our goal ...

  Jerusalem / AFP Prime Minister Benjamin Netanyahu on Sunday defended a new $38 billion US defence aid package against criticism Israel could have negotiated a larger sum had he not angered the White House. Speaking at the start of a cabinet meeting, Netanyahu said the deal was the “largest assistance agreement that the United States has ever provided to ...

  ISTANBUL/ AP With summer drawing to a close, Turkey is counting the cost of a tough year that saw a string of terrorist bombings and the fallout from a diplomatic spat with Moscow that cut deep into the country’s crucial tourist trade. And then right bang in the middle of summer, the economic backdrop got more precarious after an ...