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Bloomberg China protested the latest transit through the Taiwan Strait by American warships, warning the US not to undermine relations between the two countries. “China has been closely monitoring from start to end the passage by the US warships through the Taiwan Strait,” Chinese Foreign Ministry spokesman Geng Shuang told a regular news briefing in Beijing on Monday. “China has ...

Bloomberg A political party linked to exiled tycoon Thaksin Shinawatra claimed victory in Thailand’s election and said it would seek to form a government, challenging a military-backed group that led in initial vote counts. Pheu Thai led with 138 of 350 constituency seats in an initial tally, followed by the military-backed Palang Pracharath party with 96 seats, according to the ...

Bloomberg India’s main opposition Congress party has promised income support for each poor family who earn less than 12,000 rupees ($174.30) per month as part of its electoral giveaways aimed at wresting power from PM Narendra Modi’s ruling coalition. Describing it as the world’s largest minimum income plan, Congress President Rahul Gandhi said 20 percent of poor families across the ...

Bloomberg Theresa May is inclined to put her Brexit deal to a third vote in Parliament on Tuesday, according to people familiar with the matter. The EU said it’s now prepared to handle the impact of the UK leaving without an agreement, a scenario it described as “increasingly likely.” May was expected to make statement to parliament on Brexit on ...

President Donald Trump’s proposed budget for 2020 is a fairly standard list of conservative priorities. Trump would spend more on military and border security and cut funding for health care, including Medicare and Medicaid, as well as welfare programs such as food stamps. The problem with Trump’s budget isn’t the deficits that it would create. These would be substantial — ...

The European Union’s top antitrust official, Margrethe Vestager, is closing out her term — possibly her last — with a $1.7 billion fine on Alphabet Inc.’s Google. She’d accused the search giant of abusing its market dominance to thwart advertising rivals. It rounds out a hat trick of fines against Google that resulted in clear changes to its business model, ...

The Federal Reserve’s policy makers left interest rates unchanged at their meeting this week, and the central bank’s new policy statement affirmed the “wait-and-see” approach unveiled by Chairman Jerome Powell in January. That didn’t stop many analysts greeting this uneventful announcement as significant. The reason was the Fed’s famous and increasingly confusing dot plot. Fed officials are right to be ...

Once the genie’s out of the bottle, it’s impossible to put back in. China has discovered predatory online cash loans, and even an appearance on the state broadcaster’s annual consumer rights program is unlikely to eradicate the practice. In its two-hour special on March 15, China Central Television interviewed a woman whose debt ballooned to 500,000 yuan ($74,417) in just ...

A smug, entitled business class driven by greed and hubris, but sorely lacking in resources to legitimise their control. I could be describing the India Inc. of today – or 1959. Nothing much has changed. Jet Airways Ltd., India’s oldest surviving private-sector airline, is about to crash land. Founder Naresh Goyal neither brought in enough new equity of his own ...

For a central bank at pains to stress neutrality, the Reserve Bank of Australia (RBA) may not be far away from cutting interest rates. Minutes from the RBA board’s meeting attest to the load being carried by the labour market and consumers. The idea is that low unemployment will translate into higher wages, enabling the consumer to step up despite ...