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Japan to prevent foreign workers drifting to cities

Bloomberg Japanese PM Shinzo Abe’s cabinet approved a policy document on Tuesday, seeking to deflect criticism of a law that will open the door to foreign guest workers from April. Under the new framework, the number of workers coming from abroad will be limited to 345,150 over five years, according to a document distributed to reporters in advance of the ...

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World steps up to study India’s cash ban, PM looks away

Bloomberg Prime Minister Narendra Modi’s administration hasn’t assessed the impact of one of history’s most sweeping changes in currency policy. “No Madam,” was the Indian junior finance minister’s reply to a lawmaker’s question in parliament on December 14 on whether the government had studied the aftereffects of the move in November 2016 to invalidate almost all of the country’s currency ...

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Fines handed out by British finance watchdog falls 75%

Bloomberg The total value of fines handed out by the UK’s Financial Conduct Authority fell by almost 75 percent in 2018, after a bumper year in which it had secured penalties against the likes of Deutsche Bank AG, Merrill Lynch International and Rio Tinto Plc. The regulator handed out 60.5 million pounds ($76.6 million) in fines in 2018, more than ...

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