Bloomberg Russia and China’s deepening military cooperation that has included joint air and navy drills is raising security concerns in the region, Japan said in its first annual defense report issued since Moscow invaded Ukraine. In the report released Friday, the Defense Ministry detailed renewed concerns about the security of Taiwan, which China sees as territory that must be ...

  Bloomberg The European Union ramped up its legal campaign against the UK over breaches to the Brexit deal, days after legislation allowing Britain to scrap parts of the Northern Ireland protocol cleared the House of Commons. On Friday, the European Commission launched four additional infringement proceedings against the UK, claiming the government had failed to comply with customs and ...

Bloomberg The UK government is borrowing billions of pounds more than forecast as soaring inflation drives up the cost of servicing the national debt. Official figures showed the budget deficit totalled £22.9 billion ($27.5 billion) in June, up more than 20% compared with the same month last year. It left the gap in the first three months of the fiscal ...