Bloomberg North Korea hit back at US sanctions in response to recent hypersonic missile tests that raised new security concerns, vowing a “stronger and certain reaction” to Washington’s attempt to halt its weapons programs. The pursuit of the advanced hypersonic missiles system, which are designed to evade existing defenses, is North Korea’s “legitimate right,” the country’s Foreign Ministry said ...

  Bloomberg Boris Johnson’s office apologized to Queen Elizabeth II following revelations of partying in Downing Street the night before her husband’s funeral, heaping further pressure on the prime minister as his government faces a string of allegations over pandemic rule-breaking. The Daily Telegraph on Friday said that on April 16, 2021, two parties were held in Downing Street to ...

  Bloomberg Several of China’s largest banks have become more selective about funding real estate projects by local government financing vehicles, concerned that some are taking on too much risk after they replaced private developers as key buyers of land. At least five state-run banks have imposed new restrictions this year on loans to weaker local government financing vehicles (LGFVs) ...