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Bloomberg Considering a work stint in Japan? You’d better make it short, and you’d better stay alive. That’s because the government subjects long-term foreign residents to inheritance tax of up to 55 percent on their worldwide assets—meaning heirs could be forced to give up their family homes or businesses, even if they’ve never set foot in Japan. Now, Tokyo Governor ...

Bloomberg Uber Technologies Inc. approved SoftBank Group Corp.’s offer to buy a multibillion-dollar stake in the ride-hailing company, setting the stage for one of the largest private startup deals ever. The agreement lets SoftBank and other firms invest up to $1 billion in Uber and proceed with a tender offer in coming weeks to buy up to $9 billion in ...

Bloomberg Brookfield Asset Management Inc. has bid more than $14 billion to acquire the stake it doesn’t already hold in mall owner GGP Inc., according to a person with knowledge of the matter. The Canadian investment firm made an offer of about $23 per share, the person said, asking not to be identified because the information is private. The price ...

Bloomberg The proportion of London home sellers dropping their asking price is rising as the property market slumps further. With more than four in 10 revising lower, the average price cut of 6.7 percent reflects “initial over-optimism and a tougher market,” Rightmove Plc said in a report published on Monday. New vendors coming to the market in November are also ...

Bloomberg Brian Lawley was among the first to reserve a Tesla Model 3 after standing in a lengthy line in March 2016 to plunk down $2,000 for not one but two reservations. Almost 20 months later, he’s not going anywhere—even though the wait just got longer. “I just want Tesla to get the Model 3 right, even if it takes ...

Bloomberg Britain has a lot of catching up to do when it comes to technology, and that’s hurting productivity and pay. UK businesses are almost a decade behind Denmark in the adoption of new technologies such as cloud, e-purchasing and cyber security, the Confederation of British Industry said in a report. By being more open to employing “tried and tested” ...

BAGHDAD / ANKARA / Reuters More than 400 people were killed in Iran when a magnitude 7.3 earthquake jolted the country on Sunday, state media said, and rescuers were searching for dozens trapped under rubble in the mountainous area. At least six have died in Iraq as well. State television said more than 407 people were killed in Iran and ...

Bloomberg The UK Labour Party accused Theresa May of lacking the support within her Conservative Party to deliver a Brexit that will protect jobs, offering her a cross-party deal that will only add to pressure on the embattled prime minister. Keir Starmer, the party’s Brexit spokesman, wrote to May on Monday telling her there was a “sensible majority” in Parliament ...

Bloomberg German Chancellor Angela Merkel is entering the final stretch of preliminary talks to form a new government as factions in the complex multi-party negotiations remain far apart on issues including migration, climate and European policy. Entering a fifth week of negotiations between Merkel’s Christian Democrats, her Bavarian CSU sister party, the pro-market Free Democrats and the environmental Greens, the ...

Bloomberg North Korea, a country in a “time warp” that feeds paranoia at home with propaganda about a hostile world, could secure its future by laying the groundwork for talks on its nuclear weapons program, according to South Korea’s foreign minister. While Kang Kyung-wha welcomed a two month hiatus in North Korean provocations after a rapid-fire series of missile tests ...