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Japan to regulate and tax Bitcoin trades: Nikkei

The Japanese government will set rules for trading bitcoin, including imposing taxes on transactions with the virtual currency, that will become the basis for guidelines applicable to similar currencies in future, the Nikkei reported.

Op-Ed: The Euro will collapse soon

Today Europe is heading for the ‘danger zone’, stocks log their worst day in 2012, this summer is an ‘eerie echo’ of pre-Lehman, Nikkei drops to worst weekly losing run in 20 years, and world growth at risk as U.S. employment stumbles.

Sony Corp. to cut workforce by 6%, posts $2.7 billion net loss

Tokyo - Japanese media outlets are reporting that Sony is expected to axe about 10,000 jobs, or six percent, from its global workforce. This comes as the newest CEO Kazuo Hirai will announce the company's restructuring plan this week.

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