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Strongest typhoon in 25 years makes landfall in Japan

Bloomberg Typhoon Jebi swept through western Japan on Tuesday as the strongest tropical cyclone to come ashore in 25 years, causing widespread power outages and flooding the region’s main airport. One person was reported killed. The storm paralysed the country’s second-largest population center around Osaka, with companies forced to temporarily close their plants, and power cut to more than 800,000 ...

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China starts sharing income data to end global tax loopholes

Bloomberg In a move aimed at cutting tax evasion, China will start exchanging information on residents’ financial investments with about 100 other countries from this month. The information exchange will give tax officials a better view of Chinese residents’ overseas financial investments and earnings. The change is part of the Common Reporting Standard, a global agreement on sharing tax data ...

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Trump’s trade war with China may hit parts of your car first

Bloomberg The US-China trade war threatens to make September a very slow month at ED Opto Electrical Lighting Co.’s auto-parts factory in the eastern Chinese city of Zhenjiang. With President Donald Trump slapping tariffs on items like car gaskets and ignition wiring sets in July, American buyers of the company’s LED car lights pushed hard over the summer to get ...

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