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Giappone
Minimum wage to top ¥700 nationwide in sharpest rise since 2002, labor ministry says
Japan’s minimum wage will rise ¥25 on year to ¥823 on average in fiscal 2016, according to the Health, Labor and Welfare Ministry. This will mark the sharpest growth in the minimum wage since Japan began evaluating it by the hour instead of as a daily wage in fiscal 2002. ...
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Giappone
U.S. lawmakers demand answers after price of lifesaving drug EpiPens rockets
Members of Congress are demanding more information on why the price for lifesaving EpiPens has skyrocketed. EpiPens are injection devices used to ward off potentially fatal allergic reactions, and the price has surged in recent years. A two-dose package cost around $94 nine years ago. The average cost was more ...
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USA
Korea's Diplomacy Inadequate to Deal with America's Protectionism
The wave of U.S.-originated trade protectionism is sweeping Korean shores. As the current Obama Administration is imposing a series of punitive tariffs on Korean exporters in the form of anti-dumping and countervailing duties, Presidential candidates from both parties advocate renegotiation or fundamental review of the Korea-U.S. free trade agreement. Although ...
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Corea del Sud
Seoul City Gov't to Legalize 8,000 Street Vendors from Next Year
The Seoul metropolitan city government will push forward with a plan to legalize 8,000 street vendors hitherto considered illegal. Given the vendors won't have to pay taxes, it is likely that self-employed business owners who pay rents and taxes would oppose to the plan. A Seoul city government official said ...
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USA
July Export Figure Down 10.2% from 12 Months ago
The volume of exports for the month of July was preliminarily compiled to have decreased 10.2 percent from 12 months ago to US$41,045 million, said the Ministry of Trade, Industry, and Energy. The year-on-year export figure has declined for 19 consecutive months. The previous record was the 13-month stretch from ...
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USA
Wave of Neo-protectionism Sweeps Korea
Major economies of the world that have preached the gospel of free trade and globalization like the United States are closing up their countries from international trade under the pretext of protecting their own industries. If it was underdeveloped countries that espoused protectionism in the past, now it's developed countries ...
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USA
Korea's Export Declines in August...for 20 Consecutive Months
Korea's export that has stagnated for such a long time showed a decreasing trend for the first three weeks in August as well, foretelling a negative year-on-year export volume for 20 consecutive months at the end of the month. According to the Korea Customs Service on August 22, the volume ...
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USA
Korea's GDP Recovers to World's 11th...Ranks 48th in Terms of Per-person GNI
Korea's economic size last year regained its position as the world's 11th largest. However, its per-capita gross national income in terms of purchasing power parity moved down by six notched to 48th in the world. According to investment banking sources on August 16, the 2015 nominal gross domestic products of ...
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Cina
China to Hold G20 Summit in Early Sept. in Hangzhou
The Chinese government announced on August 15 that it would hold a G20 summit meeting on September 4 and 5 at Hangzhou, Zhejiang Province. Lu Kang, spokesman of the Chinese Foreign Ministry, said this on the same day, adding that the Hangzhou gathering would be held with summits from the ...
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Giappone
Japanese Gov't to Introduce Scheme to Allow Workers to Leave Office at 3 pm on last Friday of the Month
The government of Japan and business organizations are pushing forward with a plan to introduce a scheme to allow workers to leave their work early on the last Friday of the month at 3 pm so that they can go out and spend more. According to the Sankei Shimbun on ...