Bloomberg Workers in Japan’s biggest labour union are getting the smallest pay raise in seven years, another blow for households facing a higher sales tax and the likelihood of a deep recession triggered by the coronavirus. Average monthly pay for members will rise by 1.91%, according to initial results from this year’s wage negotiations released by the Japanese Trade Union ...

Bloomberg India’s move to restrict overseas travellers from entering the country is likely to weigh on economic growth and cause a loss of precious foreign exchange, Citigroup said in a report. Travel and tourism accounted for 9.2% of India’s gross domestic product in 2018 and provided for 8.1% of total employment, according to the World Travel and Tourism Council. Foreign ...

Bloomberg Malaysia adjourned former leader Najib Razak’s 1MDB trial over concern his lawyer may have been exposed to the new coronavirus. Former Prime Minister Najib’s entire defense team couldn’t attend the proceedings as they were ordered to self-quarantine, said a representative from the law firm Shafee & Co. His lawyer Muhammad Shafee Abdullah attended an event, when he came in ...