Bloomberg Ethiopia’s government began implementing a cease-fire in the war-ravaged Tigray after rebel fighters entered the state capital and celebrated retaking the city. The announcement came after widespread reports that Ethiopia’s national army incurred heavy losses in several locations across the region and were pushed back in multiple locations after the Tigrayan rebels changed strategy and began an offensive after ...

Bloomberg Japan’s No 2 defense official laid out the increasing threats he sees from a more assertive China, including longer-range missiles and more frequent airspace incursions, as the US ally moves to boost defense spending to help counter Beijing. “It’s already possible for them to aim at the East Coast and the White House,” Yasuhide Nakayama, Japan’s state minister of ...

Bloomberg A bad bank in India that’s expected to launch this month may help reduce one of the world’s worst bad-loan piles but market participants say it’s a long path ahead. The new institution, which is set to start operations by the end of June, is likely to handle stressed debt worth $27 billion over time, according to a BloombergQuint ...