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China pledges stronger fiscal policy, widens tax breaks

The State Council, China's cabinet, on Wednesday pledged to step up fiscal policy support and strengthen targeted controls to combat downward pressure on the economy.

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HK to introduce 4.4 bln USD relief measures in 2015-16: financial secretary

​The government of Hong Kong Special Administrative Region will introduce six one-off relief measures amounting to 34 billion HK dollars (about 4.4 billion U.S. dollars) in 2015 to help alleviate the financial burden on the public and stabilize the economy, Financial Secretary John Tsang said Wednesday.

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Japan to lift age limit for commercial pilots to 67 due to shortage

​Japan's Ministry of Land, Infrastructure, Transport and Tourism will raise the maximum age limit for pilots to 67 from 64 in a bid to make up for a shortfall of the professionals caused by growing demand for flights and a rising number of budget carriers, local media reported Tuesday.

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Singapore to raise income tax for top earners

​Singapore will raise the personal income tax rates for its top earners from 2016, with the top marginal rate up 2 percentage points to 22 percent, in order to meet the needs of surging government expenditure.

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Bad weather to disrupt holiday traffic rush

China's weather observatory forecasted that cold front, rain and smog will affect traffic rush on Tuesday as the week-long Lunar New Year holiday is coming to an end.

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Italy signs treaty with Switzerland to tackle tax evasion

Italian Economy Minister Pier Carlo Padoan on Monday signed a treaty with his Swiss counterpart Eveline Widmer-Schlumpf which marks the end of bank secrecy and helps identify potential tax evaders.

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Apple to build European data center in west Ireland

​U.S. tech giant Apple announced on Monday it will build an 850-million-euro (about 969 million U.S. dollars) European data center in Athenry, west Ireland's County Galway.

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Iran, U.S. hold high level nuclear talks in Geneva

​Senior Iranian and U.S. officials will hold bilateral talks in the Swiss city of Geneva on Sunday evening to discuss Tehran's long-disputed nuclear program.

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Greece wins time with Eurogroup deal, more tough challenges ahead

​Greece won some time and breathing space pushing away scenarios of an imminent Grexit with the bridging arrangement reached on Friday with its euro zone interlocutors, but more tough challenges lie ahead, according to political analysts in Athens.

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Indian police arrest 7 over alleged corporate espionage

​The Indian police have arrested seven people for suspected corporate espionage by stealing classified documents from the Petroleum Ministry, officials said on Friday.

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Rain, snow, smog to hit China in holiday

Light to strong rain will fall in most of China's northern and southeastern regions and smog will cover the country's central part over the next two days, the beginning of the Chinese Lunar New Year.

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Chinese celebrate Lunar New Year with traditions, expectations

In China, the sky is filled with pyrotechnics and the ports and airports are full of happy family reunions: Wednesday marked the thousand-year-long tradition of ushering in the lunar New Year.

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Time running out for compromise deal on Greek debt after Eurogroup ultimatum

​Time was running out for a compromise deal on the Greek debt crisis between Greece and its international lenders after the ultimatum issued at the end of the latest Eurogroup meeting in Brussels on Monday evening, political analysts in Athens warned on Tuesday.

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Chinese mainlanders travel southward for Spring Festival

​Long lines formed at a busy border station on Monday as a great number of the Chinese mainland tourists traveled southward to celebrate the upcoming Spring Festival in Hong Kong, a special administrative region that will mark the occasion with a unique fusion of modern fun and ancient customs.

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China to share development with countries along maritime Silk Road

​China's initiative of building the "21st Century Maritime Silk Road" will significantly promote mutually beneficial cooperation between countries along the ancient sea route and share among them a vast market provided by China's economic expansion, a Sri Lankan expert said.

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Japan PM avoids controversial security legislation in Diet policy speech

​Japanese Prime Minister Shinzo Abe delivered a policy speech in Diet on Thursday, reiterating his determination to push for economic reforms but avoiding mentioning the most controversial security legislation which may enable the country to expand the role of its Self-Defense Forces (SDF).

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President Xi's U.S. visit in Sept. to boost new type of major-country relationship

Chinese President Xi Jinping's state visit to the United States in September will give a new boost to the development of a new type of major-country relationship, international think tanks said Thursday.