Your Evening BriefingBloomberg News
If you're going to lose your purse, your keys or a million dollars, Tokyo seems to be the place to do it - if you want to see your belongings again. Last year, $32 million in cash made its way to the Metropolitan Police's lost-and-found department, with three-quarters of that finding the way back to its rightful owners. Some put it down to Japan's culture and ethics education, with one former policeman saying it's not uncommon to see a child hand in a found 10-yen (about 8 cents) coin to police. Now, where did I leave my wallet? — Alex Millson
The taxing questions about Donald Trump's returns. The U.S. president paid $38 million in taxes on income of more than $152.7 million in 2005, according to two leaked pages of his federal tax return that were broadcast on MSNBC and posted online. The White House confirmed the amounts but blasted the network, which said it didn't know who sent the return, as "desperate for ratings."
Cathay Pacific has posted its first loss in eight years. The airline is suffering from increased competition by expanding Chinese carriers and rising costs. It is, however, getting one thing right: when it comes to filling up seats on its planes, it's among the best in the business. That should be good news, but there's another issue to consider: revenue and expenses.
Poor pay raises around the world leave economists puzzled. Unemployment is falling almost everywhere and yet wages are hardly rising. That's bad news for developed economies, which rely on the cycle of higher compensation to fuel demand. That, in turn, drives increased business investment and eventually adds a little more pricing power. Now might be a good time to find a job, just don't expect a decent pay bump.
Like Japan's toilets? Then you'll love their bathtubs. After transforming toilets with seat-warmers, air fresheners and strategically placed water sprays, Toto now wants to revolutionize bathing. Its new Flotation Tub aims to bring about "ultimate relaxation" by inducing a trance-like state. Sweet dreams!
China plays its name-and-shame game. It's that time of year again when China's state-run TV highlights what the network calls companies' unfair practices against customers. In previous years, Apple, McDonald's and Volkswagen have been singled out. This year, South Korean brands such as Samsung and Lotte will be hoping the spotlight doesn't fall on them in retaliation for the Korean government agreeing to the deployment of a U.S. missile-defense system.
Konnichiwa, Amsterdam. While Frankfurt, Paris and Dublin vie for financial jobs that may move from London after Brexit, two of Japan's biggest banks are quietly building a presence in Amsterdam, where relatively cheap offices and moderate taxes are appealing. Attentions now will be on the results of Wednesday's Dutch election.
This new cruise ship reimagines what it means to be outdoors. Everything you know about cruise ships is about to be flipped upside down. Royal Caribbean Cruises has announced a new category of ship that brings balconies indoors, has a moving "magic carpet" deck and offers penthouse suites that give guests a better view than the captain. Even the most fervent anti-cruiser might now consider a trip on the high seas.