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Japan ex-PM questioned over political funding

Bloomberg Former Japanese Prime Minister Shinzo Abe was questioned by prosecutors looking into allegations political funds were improperly used to subsidise parties for voters, Kyodo News reported, in a case casting a shadow over the current premier. Abe submitted to voluntary questioning by prosecutors, Kyodo cited sources close to the matter as saying. The Kyodo report added prosecutors are seeking ...

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UK deficit hits $323b with economy facing recession

Bloomberg UK government borrowing climbed to a record 240.9 billion pounds ($323 billion) in the first eight months of the fiscal year, reflecting the damage inflicted on an economy now at risk of falling back into the recession. In November alone, spending exceeded tax revenue by 31.6 billion pounds ($42.45 billion) amid the escalating cost of supporting firms and households ...

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Toyota to stop work in UK, France over mutant virus discord

Bloomberg Toyota Motor Corp. will halt production in the UK and France due to transport delays caused by a mutant strain of coronavirus spreading in the UK and that’s led several countries to close their borders with the nation. The border closures have “disrupted the transportation of parts,” Toyota spokeswoman Shino Yamada said in an emailed statement. Countries globally have ...

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