Bloomberg The presence of China’s “maritime militia” near a South China Sea reef shows Beijing’s intent to occupy more disputed areas, Philippine Defense Secretary Delfin Lorenzana said in a statement on Sunday. China has “done this before” in other contested areas like Scarborough Shoal and is “brazenly violating Philippine sovereignty,” Lorenzana said. He was reacting to a statement from China’s ...

Bloomberg Scottish nationalist parties could win a pro-independence “supermajority” in the May election, according to the latest opinion poll, which shows unionist parties suffering the most from the creation of a new separatist party last month. First Minister Nicola Sturgeon’s Scottish National Party is seen winning 65 seats on May 6, giving it an outright majority of one, according to ...

Bloomberg China’s financial regulators plan to impose additional capital requirements on the nation’s systemically important banks, seeking to curb risks and safeguard stability of the $49 trillion industry. Banks considered too big to fail will be put into five categories and face a surcharge of between 0.25% and 1.5% on top of the mandatory capital adequacy ratios, the People’s Bank ...