The draft legislation, likely to be submitted to parliament on Friday, has come under attack from both the opposition and members of Prime Minister Shinzo Abe’s party, but business leaders say it is desperately needed. Source: NDTV
he International Monetary Fund said Monday that Italy’s financial situation was among the main risk factors for the global economy. “In Europe the Brexit cliffhanger continues, and the costly spillovers between sovereign and financial risk in Italy remain a threat,” the IMF said in an update of its World Economic Outlook. Source: Ansa
Talks held near the Swedish capital Stockholm on Monday that included representatives from North and South Korea and the United States were constructive, Sweden’s foreign ministry said.
Source: Channel NewsAsia
The bankruptcy of Yukos Oil in Russia will not be recognized in the Netherlands, the Dutch Supreme Court ruled on Friday, upholding a decision in 2017 by a lower appeals court. Source: The Moscow Times
