Bloomberg China sent its third-largest sortie of warplanes towards Taiwan this year, after the US rejected Chinese claims over the Taiwan Strait and reports of arms sales talks with Taipei in Washington. Twenty-nine Chinese aircraft, including six H-6 bombers and an electronic intelligence gathering plane, entered Taiwan’s southwestern air defense identification zone Tuesday, according to a tweet from the ...

  Bloomberg Brexit has reduced the competitiveness of the British economy, with alarming implications for productivity and wages, according to the Resolution Foundation. The research firm said a loss of openness since Britain left the European Union is set to leave the country poorer in the coming decade, with advanced manufacturing and parts of northern England dealt the heaviest blow. ...

Bloomberg Hong Kong’s de facto central bank bought the local dollar at the fastest pace on record this month to defend its currency from crossing the weak end of its trading band. The Hong Kong Monetary Authority (HKMA) bought HK$78.1 billion ($10 billion) so far this month, including its HK$20.8 billion purchase. The currency still continues to linger near the ...