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Banks should not tighten credit to the property sector without a reasonable cause, a decree from the prime minister issued Monday says. Fiscal and monetary policies should be flexible though sudden transitions from tight control to looseness should be avoided, it says. It exhorts government agencies to come up with …

A nursing home in southern Japan is “hiring” babies for a very important job — to keep its elderly residents company and make them smile. The salary? Nappies and milk formula. New recruits at the facility in Kitakyushu must be under four years old, and their guardians have to sign …

The European Union is preparing to take emergency action to reform the electricity market and get a grip on energy prices that have soared since Russia invaded Ukraine, senior officials said Monday. Energy ministers from EU member states will hold urgent talks in Brussels on September 9. High gas prices …