Bloomberg Taiwan’s military says it plans on using lessons learned from the two-month-old war in Ukraine during annual exercises the island relies on to defend itself from any invasion by China. The Defense Ministry made the announcement, when it said war games would be held May 16-20 and live-fire drills July 25-29. Scenarios for the annual Han Kuang exercises “will ...

Bloomberg Ahead of the November 2019 election, Sri Lankan presidential challenger Gotabaya Rajapaksa proposed sweeping tax cuts so reckless the incumbent government thought it must be a campaign gimmick. The finance minister at the time, Mangala Samaraweera, called a briefing to assail the “dangerous” pledge to reduce the value-added tax to 8% from 15% and scrap other levies. To him, ...

  Bloomberg Venezuela’s government-controlled National Assembly appointed the justices who’ll comprise a new slimmed down Supreme Court, many of them holdovers from the previous court, in a nod to overhauling a judicial system that’s long been criticised for its lack of independence. The assembly chose 20 magistrates in all, 12 of whom were re-appointed to the court, known as the ...