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Hong Kong airline Cathay Pacific sees annual loss, outlook upbeat

HongKongflagcarrierCathayPacificonWednesdaybookedthefirstback-to-backannuallossinitsseven-decadehistorybutsaiditwasintheblackforthesecondhalfandwasupbeataboutth

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Tech levels holding back transportation sector, experts say

TechnologylevelsarehamperingtherapiddevelopmentofChina'stransportationsector,expertsindicatedduringahigh-profileseminaronDec20."Serviceincompetence,highlogistic

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Soaring Olympic costs threaten future of Games, IOC warns

TheInternationalOlympicCommittee(IOC)onWednesdaypraisedJapaneseorganisersforslashingcostsforthe2020TokyoGames,butwarnedthatsoaringOlympicbudgetscouldseefuturebi

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The White House claim that Obama-era regulations have cost $890 billion

The White House spokesman, in speaking about a House resolution signed by President Trump to roll back regulations enacted in the closing months of the Obama administration, cited an interesting statistic — that “Obama-era regulations … have cost the American business consumers a staggering $890 billion.”

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State Council issues work plan on reducing costs of real-economy enterprise

The journalist learnt that the State Council has issued the notice of Work Plan on Reducing Costs of Enterprises in the Real Economy Sector (hereinafter referred to as the “plan”).

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China acts on high corporate costs

The Chinese government has come up with a new set of policies in an attempt to reduce corporate costs.

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Losing Australia's AAA Rating could make losers of mortgage holders

​The biggest losers after Prime Minister Malcolm Turnbull scraped through to win Australia’s fractious elections could be homebuyers facing higher costs on their A$1.6 trillion ($1.2 trillion) in mortgages.

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Red tape costs Australia 176 billion AUD a year

​Red tape costs the Australian economy 176 billion AU dollars (129 billion U.S. dollars) a year, or 11 percent of the country's gross domestic product (GDP), said a report released by a free market think tank on Wednesday.

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Singapore remains priciest city for expats

​Singapore has been listed as the world's priciest city for the second year regarding the relocation costs for expatriate, Channel NewsAsia reported on Tuesday, citing a survey by the Economist Intelligence Unit (EIU).

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Non-wage expenses drive up New Zealand labor costs

​New Zealand labor costs rose by 1.8 percent in the year to the end of June, with non-wage costs rising faster than pay packets, the government statistics agency announced Tuesday.