Business Topics

Jul 7, 2015

Poor EU nations take hard-line on Greece

The eurozone’s poorer former communist nations, having themselves endured painful reforms and austerity programs, are taking a hard line on Greece after its people voted to reject creditors’ bailout terms. Estonia, Latvia, Lithuania and Slovakia have long insisted they are too poor to pay ...

Jul 7, 2015

TPP ministers to gather in Hawaii July 28-29

Pacific Rim countries pursuing a free trade initiative are set to hold ministerial talks on July 28 and 29 in Hawaii to wind up their marathon negotiations, a source said Monday. The United States, Japan and 10 other countries came up with the plan ...

Changes behind the wheel for Tokyo's taxi industry

Jul 7, 2015

Changes behind the wheel for Tokyo's taxi industry

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The taxi industry is looking at a range of initiatives to improve service for customers, ranging from training drivers as tour guides to adopting larger vehicles. One program already proving popular gives priority to pregnant women entering labor. The pioneering pregnancy-priority dispatch service by ...

Jul 6, 2015

Quarterly growth in regional economies intact, BOJ reports

The Bank of Japan on Monday maintained its assessments of eight of nine regional economies on the back of improving employment and income conditions as the country’s economy continues to recover moderately. The central bank upgraded its view on Hokkaido from the previous report ...

Greeks deeply divided heading into crucial vote

Jul 4, 2015

Greeks deeply divided heading into crucial vote

Tens of thousands of Greeks took to the streets on Friday in rival rallies that laid bare the deep divide heading into a referendum that may decide the country’s future in Europe’s single currency. Prime Minister Alexis Tsipras, elected in January on a promise ...

IMF report advising more loans could split Greek creditors

Jul 4, 2015

IMF report advising more loans could split Greek creditors

Reviled in Greece for pushing the bitter medicine of austerity, the IMF has nonetheless thrown Athens a bone by urging European countries to cough up more money to ease Greece’s titanic debt load. Ignoring its own procedures, the International Monetary Fund threw caution to ...