Bloomberg Philippine President Rodrigo Duterte told Chinese Defense Minister Wei Fenghe that South China Sea disputes must be resolved using international law, including a treaty used as the basis for a 2016 ruling that refuted China’s claims in the area. Duterte met with the Chinese official and emphasized that disputes “must be resolved peacefully in full accord with the United ...

Bloomberg The US government is paying less as it borrows more, one reason investors appear more comfortable than Congress about funding another leg of stimulus. Interest payments in the federal budget declined about 10% in the first 11 months of this fiscal year, when America was running up its biggest deficit since World War II. Over the next few years, ...

Bloomberg Rishi Sunak should extend wage support for UK workers in the hardest-hit sectors, lawmakers said amid warnings from economists, labour unions and opposition parties about a looming wave of job cuts. The chancellor of the exchequer must also devise a plan to help companies that plunged into debt as a result of the coronavirus pandemic, or risk prolonging the ...