Legal & Regulatory

Ukraine

EU extends trade and investment ban on Crimea

EU governments extended for a year a ban on trade and investment with Crimea on Friday, meaning European help for Russian Black Sea oil and gas exploration and visits by European cruise ships will remain outlawed.

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LA Mayor Eric Garcetti

Los Angeles mayor signs $15/hour minimum wage hike into law

Los Angeles Mayor Eric Garcetti on Saturday signed a law hiking the city’s minimum wage from $9 an hour to $15 by 2020, an increase that will affect hundreds of thousands of workers.

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Nike

U.S. probes Nike payments under Brazil soccer deal: WSJ

U.S. authorities are examining payments made by Nike Inc under a 1996 soccer sponsorship deal with Brazil for possible evidence of wrongdoing by the company or others, the Wall Street Journal reported on Friday, citing people familiar with the matter.

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Daniele Nouy

ECB plans more health checks for banks in 2016: Nouy in paper

Euro zone banks should expect another round of health checks in 2016, the European Central Bank's top banking supervisor was quoted as saying, adding that Greece's banks remained solvent.

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Uber

New Delhi rejects license applications of taxi firms Uber, Ola

US-based ride-sharing company Uber and its local rival Ola's licence applications has been rejected by the Delhi government, according to Reuters.

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Currency exchange

Hong Kong markets watchdog to boost cooperation with foreign counterparts

Hong Kong's securities regulator said on Friday it will propose laws boosting cooperation with its foreign counterparts, at a time when the emergence of a number of cross-border fraud and corruption scandals make such collaboration vital.

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Cars

China to extend 'parallel import' car scheme to Tianjin

A trial program allowing unauthorized dealers to sell imported cars will be extended to the northern city of Tianjin, China's state media said on Sunday, as the government moves to rein in high-end car prices.

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Smartphone user

FCC looks to crack down on robocalls, robotexts

The top U.S. telecommunications regulator wants to make it harder for telemarketers and other businesses to place unwanted robocalls and text messages under changes to autodialing rules proposed on Wednesday.

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Time Warner Cable

Charter's $56 billion Time Warner Cable deal to face U.S. scrutiny

Charter Communications Inc, seeking to remake the U.S. cable television industry by acquiring larger rival Time Warner Cable Inc for $56 billion, will try to skirt the regulatory obstacles that helped sink Comcast Corp's earlier bid for Time Warner Cable.

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Royal Dutch Shell

U.S. Senators urge Obama administration to block Arctic oil drilling

A group of 18 mostly Democratic U.S. senators on Friday urged the Obama administration to stop Royal Dutch Shell's preparations for oil exploration in the Arctic, saying the region has a severely limited capacity to respond to accidents.

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Takata

Takata doubling U.S. recall for defective air bags to 34 million vehicles

Japanese air bag manufacturer Takata Corp is doubling a recall of potentially deadly air bags to nearly 34 million vehicles, creating the largest automotive recall in American history, U.S. safety regulators said on Tuesday.

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Workers

Los Angeles gives preliminary approval to $15 minimum wage

The Los Angeles City Council gave preliminary approval on Tuesday to raise the hourly minimum wage to $15 an hour by 2020 for companies with more than 25 employees, while giving smaller businesses an extra year to meet that benchmark

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Avon Logo

FBI looking into suspicious bid for Avon

The Federal Bureau of Investigation is probing the suspicious buyout bid for cosmetics company Avon Products Inc (AVP.N) by purported acquirer PTG Capital Partners, an agency official said on Friday.

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Takata

Honda adds to Takata air bag recalls; global tally now around 36 million

Honda Motor Co (7267.T) on Thursday recalled close to 5 million vehicles fitted with potentially faulty Takata Corp (7312.T) air bag inflators, as investigations showed the problem behind one of the biggest auto safety crises may be more widespread than thought.

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Takata

Japan's three top carmakers to expand Takata air bag recalls by millions

Japan's three biggest carmakers said on Wednesday they would expand a huge global recall triggered by potentially fatal air bags made by Takata Corp, saying they were taking back millions of vehicles worldwide for investigation.

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