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May faces calls to quit within 3 months

Bloomberg Theresa May must resign as British prime minister and Conservative leader later this year after delivering Brexit, according to politicians at the highest levels of her own government. May has promised her party she will stand down before the next general election, slated for 2022, but she’s likely to face pressure to go within the next three months. Once ...

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Chinese military plane enters South Korea zone

Bloomberg A Chinese military plane entered South Korea’s Air Defense Identification Zone three times on Saturday, prompting the foreign ministry to summon a Chinese embassy official, Yonhap reported. The aircraft entered the defense zone from southwest of the Korean Peninsula at around 8:03 a.m local time before exiting to the east around 8:27 am, Yonhap said, citing Korea’s Joint Chiefs ...

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Saudi strikes deal to build $10bn China refining, petchem complex

Bloomberg Saudi Arabia reaffirmed its interest in the Chinese market with a deal to build a $10 billion refining and petrochemicals complex as it vies for crude-oil customers with fellow OPEC members and Russia. Saudi Arabian Oil Co, or Aramco, agreed to set up a joint venture with two Chinese companies to develop the facility in Liaoning province, according to ...

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