In Japan, new rules may leave home-sharing industry out in the cold
TOKYO (Reuters) – Japan’s new home-sharing law was meant to ease a shortage of hotel rooms, bring order to an unregulated market and offer more lodging options for foreign visitors ahead of next year’s Rugby World Cup and the 2020 Tokyo Olympics.
China opposes all forms of protectionism, commerce minister says
BEIJING (Reuters) – China opposes all forms of protectionism and will firmly safeguard the world’s multilateral trading system, its commerce minister wrote on Monday in the ruling Communist Party’s official newspaper.
Toshiba still aiming to complete sale of memory chip unit soon
TOKYO (Reuters) – Toshiba Corp said on Monday it is still aiming to complete the sale of its memory chip business soon, following media reports it had decided to cancel the $18.6 billion sale if it did not get approval from Chinese regulators by May.
Asia stocks subdued by rising yields, earnings deluge
SYDNEY (Reuters) – Asian stocks started in muted fashion on Monday as investors braced for a bevy of earnings from the world’s largest corporations, while keeping a wary eye on U.S. bond yields as they approached peaks that had triggered ructions in th…
Southwest cancels about 40 flights for engine inspections
(Reuters) – Southwest Airlines Co said it canceled about 40 flights on Sunday, or 1 percent of those scheduled, as it inspects engines after last week’s deadly accident in Pennsylvania.
Fresenius pulls out of Akorn takeover over data integrity
BERLIN (Reuters) – German healthcare group Fresenius SE said it had decided to pull out of its planned acquisition of Akorn after it found data integrity breaches at the U.S. generic drug maker.
Amazon to double down on groceries; foray deeper into fresh produce in India
BENGALURU (Reuters) – Amazon.com Inc expects groceries and household products to account for over half of its business in India in the next five years, as it moves to broaden offerings in the segment and foray into areas such as fresh produce.
HNA cuts stake in Deutsche Bank: filing
BERLIN (Reuters) – Chinese conglomerate HNA has cut its stake in Deutsche Bank to 7.9 percent, according to a U.S. regulatory filing.
Michael Bloomberg to write $4.5 million check for Paris climate pact
WASHINGTON (Reuters) – Former New York mayor and billionaire Michael Bloomberg said on Sunday he will write a $4.5 million check to cover this year’s U.S. financial commitment to the Paris Climate Agreement.
China’s ZTE seeks resolution of U.S. export ban
BEIJING (Reuters) – China’s ZTE is seeking a resolution to a U.S. ban on selling it parts and software that it has said threatens its survival.
