Bloomberg China said it would need to increase its military spending to protect itself and that it doesn’t pose a threat to other countries. “A proper increase in the defense budget is needed to safeguard national security and transform China’s military with Chinese features,” Zhang Yesui, a spokesman for China’s National People’s Congress, said at a briefing on Monday in ...

Bloomberg The Trump administration imposed a tariff on steel imports last year to get companies to buy more American metal. In some ways, the duty has the US solar business doing the exact opposite. Consider the case of PanelClaw Inc., a supplier of steel racks that hold solar panels in place. Since President Donald Trump slapped tariffs on steel and ...

Bloomberg Husky Energy Inc. fell the most in nearly five months after posting what its chief executive officer called “tough and noisy” fourth-quarter results, which were hurt by a plunge in Canadian crude prices and a spill in its offshore operations. Net earnings dropped 68 percent from a year earlier, to C$216 million ($164 million), as falling crude and fuel ...