Bloomberg President Joe Biden will host leaders of ASEAN countries on May 12-13 in Washington, signaling US efforts to engage with the group in the competition with China for regional influence. A White House statement announcing the special summit with the 10-country Association of Southeast Asian Nations said the US administration shares a “commitment to advance an Indo-Pacific that is ...

Bloomberg The UK government’s push to send some asylum seekers to Rwanda may not deter enough migrants to make the effort cost effective, the Home Office official charged with assessing the plan said. Migrants who cross the English Channel on small boats risk being relocated to the African state with a one-way ticket, Prime Minister Boris Johnson said in presenting ...

  Bloomberg UK regulators have warned banks against carrying out complex pension plan deals that are structured to delay any hit to capital reserves, a broadside that analysts say could affect Barclays Plc. The Prudential Regulation Authority (PRA) said in a statement that lenders should avoid entering into agreements that defer the impact of pension scheme contributions as they could ...