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Scotland says to unveil single market Brexit plan this week

Scotland will publish proposals this week for how it can remain in the European single market after Britain leaves the European Union in order to avoid the “national disaster” of a “hard Brexit”, the Scottish government said on Sunday. While the United Kingdom as a whole voted to leave the EU in the June 23 referendum, Scotland strongly backed remaining in the bloc. “In line with …

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Scotland says to unveil single market Brexit plan this week

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Economy pays tab for Japan Inc’s free lunch on overtime

Japanese workers put up with long hours and unpaid overtime under pressure from cost-saving companies, and figures from government, which wants more money in workers' pockets to boost consumer spending, appear to underestimate the problem. Prime Minister Shinzo Abe is trying to enact labor reforms as part of his “Abenomics” plan to end decades of stagnant growth and deflation. Government data shows that Japanese work an average of 14.2 hours of overtime a month, but 2,000 respondents …

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Economy pays tab for Japan Inc’s free lunch on overtime

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Nissan, Renault, Mitsubishi to share electric car platform: Nikkei

Nissan Motor Co , Renault SA and Mitsubishi Motors Corp will combine their electric vehicle platforms in an effort to slash prices down to levels comparable to conventional gasoline cars, the Nikkei newspaper said. The strategy comes as auto giants Volkswagen AG and Toyota Motor Corp are also aiming to mass-produce battery electric vehicles amid tightening emissions and fuel-economy regulations around the world. Franco-Japanese alliance partners Renault and Nissan have been among the most vocal proponents of the zero-emission technology but have struggled …

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Nissan, Renault, Mitsubishi to share electric car platform: Nikkei

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Goldman Sachs to settle U.S. rate-rigging lawsuit for $56.5 million

NEW YORK (Reuters) – Goldman Sachs Group Inc has agreed to pay $56.5 million to resolve a U.S. class action lawsuit accusing it and other banks of rigging an interest rate benchmark used in the $553 trillion derivatives market.

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Goldman Sachs to settle U.S. rate-rigging lawsuit for $56.5 million