Bloomberg China’s decision to transfer one of its most high-profile diplomats —and most senior Russia experts — to a state media regulator is fanning speculation over who will be foreign minister after an upcoming reshuffle. Former Vice Foreign Minister Le Yucheng, 59, who has frequently stood in for Foreign Minister Wang Yi in recent months, has been appointed as the ...

  Bloomberg Australian Prime Minister Anthony Albanese has downplayed the possibility of a reset in relations with the Chinese government after a high-profile meeting between the two countries, saying Beijing must first lift sanctions on a wide-range of Australian exports. Deputy Prime Minister Richard Marles met with China’s Defence Minister Wei Fenghe in Singapore, where both were attending the annual ...

  Bloomberg US inflation accelerated to a fresh 40-year high in May, a sign that price pressures are becoming entrenched in the economy. That will likely push the Federal Reserve to extend an aggressive series of interest-rate hikes and adds to political problems for the White House and Democrats. The consumer price index increased 8.6% from a year earlier in ...