Bloomberg China wants to own the 21st Century economy. That’s why Beijing economic planners have mapped out a full-on strategy called Made in China 2025 to dominate in artificial intelligence, robotics, electric vehicles and other key sectors. The government is spending big on tax breaks and subsidies to get these industries off the ground quickly. Call it industrial policy on ...

Bloomberg The chief executive of Australia & New Zealand Banking Group Ltd. has joined the chorus of voices warning of risks in Australia’s surging housing market, though he said the probability of an outright crash is “really low.” Home prices are “very inflated,” ANZ’s Chief Executive Officer Shayne Elliott said in an interview on Tuesday with Bloomberg Television’s Stephen Engle ...

Bloomberg Noble Group Ltd. shares extended their decline to the lowest level since 2000 amid rising investor concern that the embattled commodity trader may not be able to engineer a turnaround even as it presses on in talks with core banks to try to secure more funding. The stock tumbled as much as 11 percent to 28.5 Singapore cents and ...

Bloomberg Kuwait’s ruler is stepping up his efforts to resolve one of the worst crises among Gulf Arab monarchies, a day after Saudi Arabia and its allies isolated Qatar by cutting off air and sea transport and closing the small nation’s only land border. Sheikh Sabah Al-Ahmed Al-Sabah was to travel to Saudi Arabia on Tuesday to mediate an end ...

Bloomberg US-backed forces in Syria have begun the long-anticipated push to remove IS from their self-declared capital of Raqqa. The Kurdish-led Syrian Democratic Forces and its partners launched their offensive on Tuesday, the US Central Command said in an emailed statement. Raqqa was among the first cities captured by IS, also known as IS, and has been a base for ...

Bloomberg IS claimed responsibility for a hostage-taking in the Australian city of Melbourne that left a gunman and another person dead and three police officers injured. Following a standoff at an apartment building, officers shot dead 29-year-old Yacqub Khayre on Monday evening after he came out and fired a sawn-off shotgun at police. He captured a woman he’d arranged to ...

Bloomberg Afghan President Ashraf Ghani said neighboring Pakistan has instigated an “undeclared war of aggression” against his nation after repeated bombings in Kabul in the past week, including the deadliest attack on the capital in 16 years. Ghani’s accusation signals the difficulty NATO and Afghan forces have in defeating the Taliban and other insurgent groups, which have long been said ...

Bloomberg Conservative Prime Minister Theresa May will deploy Boris Johnson to the northeast of England in a bid to conquer Brexit-supporting Labour strongholds, even as the fallout from the London terror attacks continues to dominate the campaign. Johnson, one of the faces of the Leave campaign, will say in a Tuesday speech that only May can “get Brexit right.” Labour ...

Bloomberg China rebuffed an appeal by the U.S. State Department for the release of three labor activists detained while investigating working conditions at a factory that manufactured Ivanka Trump brand shoes. The suspects are accused of using spying and monitoring equipment, and the investigation is ongoing, foreign ministry spokeswoman Hua Chunying said in response to a question at a regular ...

Bloomberg Congress should extend the US government’s borrowing authority before lawmakers depart for their traditional August vacation, the White House said, as the Trump administration sought to ratchet up pressure on Capitol Hill to avoid an unprecedented default on the national debt. “We’re looking for before they adjourn for August recess,” White House legislative affairs director Marc Short told reporters ...