Economy | ANALYSIS
Households to take hit from tax hike
by Tomoko Otake
The consumption tax increase will hit every household in Japan hard, with many people’s financial future hanging on whether their wages rise enough to offset the hike's impact.
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P/CLOUDY
For the Australian Labor Party, a crushing defeat on Saturday night was the finale of a tragedy in five acts.
Australia’s Labor government Monday pledged to press on with plans for a high-speed rail network linking major east coast cities, saying it would diversify the economy as the mining boom slows. Prime Minister Kevin Rudd, battling a strong candidate in conservative opposition leader Tony ...
Criminal charges were recommended Wednesday against two former high-profile Australian Labor Party ministers over corruption allegations following an explosive inquiry that gripped Sydney for months. The Independent Commission Against Corruption found that Eddie Obeid, formerly a powerful kingpin in the New South Wales state ...
Australia’s ruling Labor Party is heading for a huge defeat in elections this year, according to the first national polls Monday since Prime Minister Julia Gillard announced a vote would be held in September. Labor ministers insisted a win was still possible as major ...