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November 27, 2019 Politics
Bloomberg A Japanese man in his 50s was taken into custody in China in July on suspicion of violating its laws, with the case potentially being a source of friction as prime minister Shinzo Abe seeks to host president Xi Jinping for a state visit next spring. Japanese chief cabinet secretary Yoshihide Suga said the man was taken into custody ...
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November 27, 2019 Opinion
To the question of who created today’s economic inequality, there is now a new and intriguing answer: the internet. It has apparently turned millions among us into workaholics, lugging around our laptops, ready at a moment’s notice to tackle the latest digital chore. The trouble is that all this extra work — and the income it generates — is heavily ...
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November 27, 2019 Opinion
If you want a picture of the future, imagine a human face biting into a burger — forever. That’s certainly a popular view of the way the human diet is headed. As the world’s population grows and incomes rise, we’ll inevitably eat far more beef — the meat that’s considered the most expensive and prestigious in a remarkably wide range ...
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November 27, 2019 Opinion
For decades now, Australian banks have been a class apart. Thanks to a ceaselessly growing economy, an oligopolistic structure that prevents mergers between the big four lenders, and the loyalty of self-funded retirees who play a large part in the local stock market, they’ve been valued as if they’re in a fundamentally different business from counterparts in other countries. At ...
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November 27, 2019 Opinion
Any attempt at sweeping out a corner of India’s financial system means bringing investors face to face with creepy-crawlies. Disagreeable as the task is, it’s also necessary. More than $200 billion in bad loans tumbled out when banks were made to open their attics to the regulatory broom four years ago. That cleanup isn’t over, and already it’s the stockbrokers’ ...
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November 27, 2019 Opinion
The inflow of migrants from North Africa has split Europe between those who think governments should do all they can to save human lives and those who fear rescue operations mainly benefit smugglers. A new study shows such concerns could be well-grounded. Giovanni Mastrobuoni, one of Europe’s preeminent economists of crime based at the Collegio Carlo Alberto in Turin, worked ...
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November 27, 2019 Opinion
Those who fear an impending cold war between the U.S. and China need only look to the bond market to see evidence of a potential thaw. In the midst of a holiday-shortened week for American markets, China easily sold a record $6 billion of dollar-denominated bonds, accumulating $20 billion of investor orders that allowed it to tighten yield spreads for ...
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November 27, 2019 Opinion
Google says it will limit the targeting of political ads to make it harder to sneak misinformation to impressionable voters. That puts the company ahead of the pack when it comes to making the political business of big internet platforms look less threatening. But the efficiency of political micro-targeting is questionable, and Google is responding to a moral panic rather ...
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November 27, 2019 Aviation
Bloomberg US aviation regulators will conduct the final approval of factory-fresh Boeing Co 737 Max jets rather than allowing company employees to handle routine sign-offs before the planes are delivered. The plan amounted to the latest signal from the Federal Aviation Administration (FAA) that it intends to retain full control over all aspects of the grounded jetliner as Boeing prepares ...
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November 27, 2019 Aviation
Bloomberg India is considering a plan to exclude more than half of Air India Ltd’s $11 billion of debt in the government’s latest attempt to lure investors to the struggling carrier, people with knowledge of the matter said. Prime minister Narendra Modi’s administration plans to ask proposed investors to take over 300 billion rupees of the airline’s debt, which are ...
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