Bloomberg Australian raids on Chinese journalists living in that country were “imperious” and “utterly appalling,” and are damaging relations between the two nations, China’s state-run Xinhua News Agency said. Australian authorities confiscated computers and phones in raids on four Chinese journalists’ homes, including that of a Xinhua employee, Chinese Foreign Ministry spokesman Zhao Lijian said. The operation was conducted by ...

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, ...