The Christian Social Union has given German Chancellor Angela Merkel two weeks to work with the EU on a Europe-wide immigration policy. The party, an ally of Merkel's, wants to tighten restrictions on immigrants because it is concerned about being challenged by a far-right party in an upcoming regional election. Reuters (18 Jun.)
Consumer prices in Japan are being driven down by competition among e-commerce companies, the Bank of Japan Review said. Traditional brick-and-mortar retailers are feeling pressure to cut prices because of less expensive goods offered by internet sellers, the central bank publication said. Market News International (18 Jun.)
Bram Schot, head of sales and marketing at Audi, is about to become interim chief after CEO Rupert Stadler has been detained in connection with an emissions-cheating scandal at parent Volkswagen, sources say. Deutsche Welle (Germany) (18 Jun.)
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