Bloomberg Japanese Prime Minister Fumio Kishida told a visiting South Korean delegation that it was necessary to repair ties between the two neighbours and US allies amid threats to the international order. Kishida reiterated his call for greater strategic cooperation while receiving envoys from President-elect Yoon Suk Yeol, according to a statement from Japan’s Foreign Ministry. It wasn’t immediately clear ...

Bloomberg Australia would open a defense school to train its Pacific Island neighbours, increase foreign aid and support climate mitigation projects across the region, under an election policy announced by the opposition Labor Party that aims to boost the country’s soft power. Labor has been critical of a new security pact between China and the Solomon Islands, accusing Prime Minister ...

  Bloomberg UK Chancellor of the Exchequer Rishi Sunak pledged to bring borrowing under control to “avoid saddling future generations with debt” after official figures showed debt servicing costs rocketed. Government borrowing more than halved in the fiscal year through March as Covid-19 support programs were phased out and tax receipts recovered strongly, the Office for National Statistics (ONS) said ...