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Indonesia discussing ways to relax fiscal deficit cap: Minister

Bloomberg Indonesia’s cabinet is discussing amending a legally imposed cap on the budget deficit, which would allow the government to spend and borrow more to stimulate growth in Southeast Asia’s biggest economy. President Joko Widodo is holding talks on the matter, although for now, the current annual ceiling of 3% of gross domestic product remains, finance minister Sri Mulyani Indrawati ...

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Google not liable for defamatory content

Bloomberg Alphabet Inc’s Google isn’t liable for defamatory content posted on its platforms after 2009, India’s top court ruled, reaffirming immunity for Internet companies in the world’s second-most populous nation. The verdict, which reiterates a 2015 ruling, comes as a relief for social media companies, online retailers and service providers who are facing increasing pressure from the Indian government to ...

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South Korea unemployment edges up for a third month

Bloomberg South Korea’s jobless rate ticked higher for a third month, an unexpected outcome that illustrates the challenge of boosting hiring in an economy struggling with slumping exports and weak investment. The unemployment rate climbed to 3.6% in November, seasonally adjusted data from the statistics office showed Wednesday. Economists had predicted the rate would stay unchanged at 3.5%. The jobless ...

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