Bloomberg Japan’s financial regulator ordered a three-month suspension of insurance sales by two units of Japan Post Holdings Co as punishment for improper sales practices. The Financial Services Agency said it found examples of Japan Post customers being sold unduly expensive policies, without proper explanation of what they were buying. The penalty applies to the group’s mail and insurance subsidiaries, ...

Bloomberg Australia is in the grip of another heatwave with temperatures forecast to soar over the weekend, exacerbating deadly wildfires that have ravaged the nation for months. Severe heat will spread across the southeast of the country over the next few days, building to “extreme” conditions in some areas, according to the Bureau of Meteorology. Parts of western Sydney are ...

Bloomberg The incoming head of the largest US power market is under pressure even before he begins his new job. A consumer watchdog has accused Manu Asthana — who starts as chief executive officer of PJM Interconnection LLC on January 1 — of mismanagement at his previous company. That risks casting a shadow over his new role, in which he ...