Bloomberg President-elect Joe Biden’s pick for US secretary of state denounced Hong Kong’s arrest of dozens of opposition figures under a controversial national security law, an unprecedented crackdown that included an American lawyer. Police said they had swept up 53 people in the operation and that around 1,000 officers had been dispatched to carry out the detentions. Those arrested included ...

Bloomberg Tensions are rising in the largest party in Malaysia’s ruling coalition over whether a general election should be held amid the nation’s worsening coronavirus epidemic. Ties between Prime Minister Muhyiddin Yassin’s Bersatu party and United Malays National Organisation, his key ally, have steadily deteriorated since UMNO threatened to pull out of the coalition in October, even though Muhyuddin survived ...

Bloomberg Europe’s latest lockdowns are presenting citizens with even more hurdles to spending money, swelling already-hefty savings that stand ready to fuel the recovery once vaccines tame the pandemic. Households in the euro zone accumulated a mountain of cash when businesses shut in the spring. Now in a lengthening second wave of closures, they are sitting on about $615 billion ...