BLOOMBERG China has named a general sanctioned by the US to be its new defense minister, setting up a potentially awkward encounter if he’s ever paired up with US Defense Secretary Lloyd Austin for a meeting. General Li Shangfu is set to become Minister of National Defense and State Councilor — China’s equivalent of a cabinet member — according to ...

BLOOMBERG Rishi Sunak’s political opponents think they’ve found his weak spot — the family. With an election edging closer, Keir Starmer’s Labour is making a move onto traditional Tory territory, accusing the prime minister of abandoning working parents. Sensing victory after 13 years in the wilderness, Labour wants to make an overhaul of Britain’s hugely expensive child care system a ...

BLOOMBERG China reappointed several top economic officials in a leadership reshuffle Sunday, giving investors greater continuity as Beijing overhauls financial regulation and grapples with escalating tensions with the US. People’s Bank of China (PBOC) Governor Yi Gang, 65, will remain in his post, as will the finance and commerce ministers. He Lifeng, a close ally of President Xi Jinping, was ...