Philippe told lawmakers that the government would cut income tax for middle-class workers and would completely scrap a housing tax. Philippe said unemployment benefits for the highest earners would gradually decrease to encourage the jobless to get back to work more quickly. On the highly sensitive subject of pension reform, Philippe said the government would create incentives for the French to stay on the job longer than the current minimum legal retirement age of 62. Source: France 24
U.S. satellite broadband provider Hughes Network Systems may have to shut its Indian operations due to unpaid levies owed to the government, which could put thousands of banking services at risk, a company letter seen by Reuters showed.
India’s Supreme Court late last year ordered a number of telecom companies, including Hughes and larger firms like Vodafone (L:VOD), to pay billions of dollars owed to the government. Source Reuters
Kuwait Airways said it has decided to suspend all flights to Iran on Thursday until another notice amid fears from a coronavirus outbreak, according to statements published on the company’s Twitter account. Source Al Alarabiya
Japan is finalizing a plan that will tighten scrutiny of foreign investment in 12 key sectors, four government sources with knowledge of the matter have said. The sectors would include industries like defense, nuclear power, aerospace, utilities, gas, cyber security and telecommunications, two of the sources said. Source Japan Times
