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Uber Japan chief Takahashi to join WeWork

Bloomberg Masami Takahashi, president of Uber Technologies Inc. in Japan, is leaving the ride-hailing company to join WeWork Cos. in the country, people with knowledge of the matter said. Takahashi will join the co-working space provider as it prepares to start operations in Japan, the people said, asking to not be identified because the details are private. SoftBank Group Corp. ...

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India bars founders from repurchasing $31bn of assets

Bloomberg India tightened rules to prevent errant founders from misusing an 11-month-old bankruptcy law to regain control of delinquent companies that are being sold. Founders of companies whose borrowings have been classified as non-performing for a year or more and that are unable to pay overdue amounts, including interest and charges, are barred from repurchasing their assets, the corporate affairs ...

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P&G, Nestle to gain from China’s low import tax

Bloomberg China’s new plan to slash import taxes on a wide range of consumer goods promises to boost the prospects of multinationals in the Chinese market, with everything from the likes of Procter & Gamble Co.’s diapers to other items becoming more affordable to local consumers. Tariffs for 187 product categories will drop from an average 17.3 percent to 7.7 ...

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