BLOOMBERG China said its defense spending would grow by 7.2% this year — the fastest pace since 2019 amid increasing tensions with the US on a range of issues, including Taiwan. Military expenditure is expected to rise to 1.55 trillion yuan ($225 billion) in 2023, according to the Ministry of Finance’s annual report released on Sunday at the start of …

BLOOMBERG Prime Minister Rishi Sunak’s government plans new laws to prevent people who enter the UK on small boats from claiming asylum, as it looks for ways to halt a record influx of migrants crossing the English Channel. Discussing legislation expected to be introduced this week, Chris Heaton-Harris, secretary of state for Northern Ireland, said more options could be provided …

BLOOMBERG China signalled coal will retain its role as the country’s mainstay fuel even as the government continues to support the expansion of its world-leading clean energy industry. The nation that mines and burns more than half the world’s coal will keep supporting the fuel, while targeting more efficient consumption and advanced production techniques, according to government reports released Sunday …