Bloomberg Australia won’t trade away important principles and values to restart talks with China, Foreign Minister Marise Payne told the Sydney Morning Herald newspaper. A senior aide to US President Joe Biden came out in support of Australia earlier in the week, telling the Chinese government relations between the two superpowers won’t improve until Beijing stops its economic coercion against ...

Bloomberg The European Union (EU) sued the UK for failing to recover illegal tax breaks doled out to multinational firms, in the second legal move against the former member state this week. Authorities still haven’t clawed back all of the 100 million euros ($119 million) in tax breaks aimed at luring multinational firms to the UK territory of Gibraltar, more ...

Bloomberg The French economy is weathering the Covid pandemic and government restrictions better than previously forecast, putting it on a path to stronger growth this year, the Bank of France said. Activity falls less than the central bank initially expected at the end of 2020 as household and business investment held up despite the lockdown in November. The central bank ...