Bloomberg Australian writer Yang Hengjun will face trial in China for espionage next week, a development that is sure to strain already fraught ties between Beijing and Canberra. The Chinese government notified the Australian authorities that Yang would face trial on May 27, Australian Foreign Minister Marise Payne said in a statement. Yang was detained in January 2019 on allegations ...

Bloomberg India’s central bank approved paying a higher-than-expected nearly $14 billion as dividend to the government, providing relief to Finance Minister Nirmala Sitharaman at a time when the pandemic has strained public finances. The central board of the Reserve Bank of India approved transferring 991.2 billion rupees ($13.6 billion) to the government on, according to a statement from the Reserve ...

Bloomberg Barclays Plc has been dragged into a bitter feud between two French insurers over its role in a failed hostile takeover bid. Scor SE is suing Barclays in London for breach of confidence when the bank advised Covea on its bid to acquire Scor in 2018. Barclays was given an inside track into the strategic thinking of Scor’s board ...