Bloomberg The UK government would need new tax and spending plans and may have to extend austerity policies if it fails to secure a deal with the European Union, Chancellor of the Exchequer Philip Hammond said. With analysis last week showing a no-deal Brexit would drag the economy to a near standstill next year, Hammond said “frankly, we’d need to ...

Bloomberg Thailand’s main opposition Pheu Thai Party picked acting head Viroj Pao-in as its leader ahead of a general election expected in 2019 after more than four years of military rule. Viroj, a police lieutenant general, was the only name on the leadership ballot, the party said in a briefing on Sunday. The party added it will decide later if ...

Bloomberg China’s government has told at least two of its state oil companies to avoid purchasing Iranian oil as the US prepares to impose sanctions on the Persian Gulf state, according to people with knowledge of the matter. The freeze on imports by China National Petroleum Corp. (CNPC) and Sinopec is temporary and purchases may resume depending on the outcome ...