Bloomberg Tokyo will lose the crown of being the world’s most populous city to Jakarta by 2030, according to Euromonitor International. The population in Jakarta, the capital city of Indonesia, will reach 35.6 million as it is forecast to add 4.1 million people between 2017 and 2030, Euromonitor said in a report. In contrast, Tokyo’s population will shrink by about ...

Bloomberg The US shouldn’t believe that ever higher tariffs can induce China’s government to capitulate to American demands in the escalating trade dispute between the world’s biggest economies, according to Chinese Commerce Minister Zhong Shan. “There is a view in the US that so long as the US keeps increasing tariffs, China will back down,” Zhong said in a written ...

Bloomberg Pakistan’s stocks and bonds rose and the rupee fell after the government said it would seek the nation’s thirteenth International Monetary Fund (IMF) bailout since the late 1980s in a bid to stabilise the economy and plug dwindling finances. The South Asia nation’s key stock measure snapped six days of losses to advance as much as 3%, the most ...