Bloomberg China’s provincial governments are bracing for a tough year, predicting income growth from taxes will slow and land sale revenue will fall, putting them under severe fiscal pressure as they try to spend more to support a faltering economy. Some local authorities are predicting their general revenue this year will be significantly weaker than an expected national economic ...

Bloomberg The Kremlin said there are “no concrete plans” for a summit between US President Joe Biden and Russian President Vladimir Putin, throwing into question the fate of a French proposal that seemed to offer fresh hope for averting an alleged Russian plan to attack Ukraine. US officials said the meeting, proposed by French President Emmanuel Macron, would occur only ...

Bloomberg Former Secretary of State Michael Pompeo is scheduled to travel to Taiwan next month, one of the most senior US dignitaries to visit the democratically ruled island in recent years. Pompeo has accepted an invitation from the Taipei-based Prospect Foundation, the group’s president, Lai I-chung, said. The former top US diplomat and potential Republican presidential contender will visit Taiwan ...