Of all the cases of economic espionage charged by the DOJ's National Security Division since 2012, more than 80% of them implicated China.World Politicsread more
"Whilst there is a big dispute at the moment, I think there's also potential for resolution," UBS chairman Axel Weber says of the U.S.-China trade negotiations.World Economyread more
Cryptocurrency fans will hope the futures contracts, which are federally regulated, can provide some much-needed legitimacy to bitcoin.Cryptocurrencyread more
Despite mixed fan and critic reactions to the final season of "Game of Thrones," the eight-season epic took home the top prize in the drama category at the Emmy Awards on...Entertainmentread more
There are alternative financial centers and investors can turn to Singapore, Tokyo or Shanghai if Hong Kong doesn't "shape up," says the founder and chairman of Citic Capital.Asia Economyread more
The Kingdom and oil and gas industry have been slow to shore up defenses, raising red flags about the possibility of longer term fall-out in the region.Technologyread more
Tensions between South Korea and Japan may ultimately disrupt the high-end tech sectors, says Heenam Choi, CEO at South Korea's sovereign wealth fund.Traderead more
On Sunday, the 71st Primetime Emmy Awards honored the best comedies, dramas, limited and variety series from the last year.Entertainmentread more
U.S. President Donald Trump's national security advisor said on Sunday that White House Asia policy adviser Matt Pottinger would become his top deputy.Politicsread more
Removing Neumann is a difficult decision for Son, who has long believed in WeWork and Neumann's vision to quickly expand the company.Technologyread more
Datadog went public on Thursday and instantly hit a $10 billion valuation, becoming the fourth cloud software debut to reach that level this year.Technologyread more
(Adds quotes, background)
ROME, June 13 (Reuters) - The Italian government is committed to forging ahead with ambitious tax cuts in 2020 and will discuss how to finance them later in the year, Deputy Prime Minister Luigi Di Maio said on Thursday.
"Our objective is to respect the commitment to cutting taxes. The measures needed to cover this cost will be part of discussions on the 2020 budget law," Di Maio said in an interview with Radio Anch'io.
The budget law must be approved by year end.
Di Maio said the proposal of introducing a so-called "flat tax" would apply only to incomes of up to 60,000 euros to 70,000 euros ($67,800-$79,000) per year.
The European Union moved closer on Tuesday to taking disciplinary action over Italy's growing debt, a procedure that could saddle the country with fines and alienate investors.
Italy and the European Commission have been at loggerheads on fiscal policy since an anti-austerity government of the right-wing League and anti-establishment 5-Star Movement took office a year ago promising to boost welfare and cut taxes.
Asked if the government would finance its tax cuts by increasing the budget deficit, Di Maio told Corriere della Sera newspaper earlier in the day that it "will do what Italians need".
Reuters reported on Wednesday that Rome aims to convince the EU to delay until the autumn a decision on whether to open a disciplinary procedure over its finances, which are expected to look healthier after tax revenue data in July. ($1 = 0.8850 euros) (Reporting by Giselda Vagnoni; Editing by Crispian Balmer)