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Japan OKs huge stimulus to boost nation’s economy

  AFP Japan’s cabinet on Tuesday approved a mammoth 28-trillion yen ($273 billion) package in its latest attempt to stimulate lacklustre growth, including cash to improve infrastructure and raise the birthrate in the ageing nation. The stimulus plan announced last week is the latest in a series in recent years designed to fire up the world’s number three economy. “We ...

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Uber to plan boosting resources for SE Asia

  Bloomberg Uber Technologies Inc. will redeploy 150 engineers from its China operations to other key markets such as Southeast Asia after agreeing to sell its business in the world’s most populous nation, according to people with direct knowledge of the plan. The San Francisco-based employees will develop new features such as mapping as it boosts services for the region ...

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‘Collective failure’ at Mitsubishi led to fuel fraud

  Bloomberg An investigation of practices at Mitsubishi Motors Corp. found a corporate culture where workers couldn’t push back against management demands and infighting between departments contributed to a fuel-economy manipulation scandal that’s led to a rescue from Nissan Motor Co. It was a systemic failure that led to the cheating and blame can’t be pinned on any one department, ...

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