Bloomberg The US is politicising the issue of illicit Chinese exports of fentanyl and using it as a weapon against China, said country’s narcotics regulator. Liu Yuejin, deputy head of China’s National Narcotics Control Commission, rebutted accusations from the US that China is not doing enough to curb the flow of fentanyl beyond its borders. Some American politicians “are up-ending ...

Bloomberg President Donald Trump escalated the trade war with China and moved further away from a deal to resolve frictions, announcing a wave of higher tariffs even as he prepared to set off for a gathering of world leaders. In an announcement, tweeted after major indices on Wall Street sank, Trump said existing 25% tariffs on some $250 billion in ...

Bloomberg Allianz SE agreed to pay 667 million euros ($738 million) for the general-insurance assets of SulAmerica, a deal that will make the German firm Brazil’s second-largest provider of motor insurance. Europe’s largest insurer will combine the new assets with its existing Brazilian subsidiary to create a business with 1.5 billion euros of gross written premiums, according to a company ...