Bloomberg Business

China’s GDP Goal, Defense Budget, Disorderly Capital: NPC Update

China will target gross domestic product expansion of around 5% for 2023, Premier Li Keqiang said in his final government work report to the National People’s Congress — the annual parliamentary gathering. Economists said the target is a conservative goal.

UK Plans Law to Prevent Asylum Claims by Small Boat Arrivals

Prime Minister Rishi Sunak’s government plans new laws to prevent people who enter the UK on small boats from claiming asylum, as it looks for ways to halt a record influx of migrants crossing the English Channel.

Forget Peak Oil Demand: A Thirst for Barrels Puts $100 in View

As Covid-19 lockdowns gripped the world in 2020, Bernard Looney, chief executive officer of BP Plc, made a startling admission: He thought that oil demand might never return to its pre-pandemic peak. But recently, Looney has done an about-face.

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