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Pro-China party win dents Tsai authority

Bloomberg Taiwan’s pro-independence leader, Tsai Ing-wen, has just over a year to win back public support if she wants to avoid going down in history as the island’s first one-term president. Her Democratic Progressive Party suffered a resounding loss to the China-friendly Kuomintang in local elections. The scale of the defeat was far greater than forecast, with the DPP losing ...

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Swiss reject plan that risked affecting EU ties

Bloomberg Switzerland overwhelmingly rejected a plan that could have caused a worsening of relations with the European Union by forcing the government in Bern to renegotiate international treaties. Two-thirds voters opposed the “self-determination” initiative, which argued for the constitution to take precedence over international law, potentially triggering revisions of treaties if there are conflicts. Polls had indicated a likely rejection. ...

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LNG import boom no relief for Australian gas prices

Bloomberg Plans in Australia to import gas to ease a supply squeeze may fail to bring down domestic prices as it pits the nation against some of the world’s biggest buyers for supplies. Australia finds itself in the odd position of having to consider four projects to import liquefied natural gas (LNG) while simultaneously being on track to become the ...

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