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SYDNEY: Australia unveiled plans on Thursday for a ten-fold hike in fines for employers who underpay staff after 7-Eleven convenience store franchisees were accused of ripping off migrant workers, in what some experts believe is a widespread practice.
TOKYO: Finance ministers and central bankers from the G-7 meet in Japan this week for talks likely to highlight a sharp divide over currency policy and how to breathe life into the wheezing global economy.
A VERY wise Latin American statesman remarked at the Emerging Markets Forum in Paris this month, quoting the Nobel Laureate writer Octavio La Paz that after the French Revolution, the 19th century was all about the search for liberty, the 20th century about equality and the 21st century should be about fraternity.
BERLIN: German Finance Minister Wolfgang Schaeuble cast doubt on whether Greece's bailout will succeed, while citing progress on the more immediate task of concluding a review of Greek compliance with the aid programme that's needed to unlock more funds.
BRUSSELS: The European Union is being battered by a perfect storm of crises that threaten to rip apart the peaceful and prosperous 28-nation bloc that rose from the ashes of World War II. It is grappling not only with the threat of a British exit, or “Brexit,“ but also with an unprecedented migrant influx, continued fallout from the debt crisis and an array of security threats, both domestic and foreign.
KUALA LUMPUR: PublicInvest Research is retaining its Neutral call on IHH Healthcare due to the hospital operator’s hefty valuations, with target price unchanged at RM6.39.