Bloomberg China’s doubling down on its zero-tolerance stance towards Covid-19 is draining local-government coffers, posing a fresh threat to the economy and bond investors. Jilin province, in the northeast of the country, has warned of “increasingly outstanding conflicts” between spending and income. Finances at almost half of its 60 county and district level governments are so tight they are exposed ...

Bloomberg The evocative bugle call of the “Last Post” echoed around a hushed Westminster Abbey as Queen Elizabeth II’s state funeral drew to a close— a poignant mark of remembrance and gratitude for the UK’s longest-serving monarch. After four extraordinary days in which hundreds of thousands of people queued for miles to pay tribute to the Queen at her lying-in-state ...

Bloomberg President Joe Biden said US military forces would defend Taiwan from “an unprecedented attack,” his latest pledge of support as his administration seeks to deter China from increasing military pressure on the democratically elected government in Taipei. Biden made the remark during an interview with “60 Minutes” that aired Sunday, while distancing himself from the question of whether Taiwan ...