Bloomberg Business

The US government will be watchful of China getting access to critical technology used for military purposes, Commerce Secretary Gina Raimondo said on Friday.

Turkey abruptly stopped the transit of sanctioned goods to Russia this month as the European Union and the US pressure allies to support measures imposed over President Vladimir Putin’s invasion of Ukraine.

The Kremlin is opening up Vladimir Putin’s schedule around this year’s G-20 summit in India in September to make it possible for the Russian president to participate in the leaders’ gathering after skipping the last two, according to people familiar with the planning.

Heavy rains and damaging winds swept into California as the first of two back-to-back atmospheric rivers brought the renewed threat of flooding and mudslides to a state already battered by deadly winter storms.

UK officials have raised fears that Drax Group Plc may divert £2 billion ($2.4 billion) of planned investment in carbon capture to the US, lured by President Joe Biden’s massive package of green subsidies.

JPMorgan Chase & Co. didn’t pull any punches this week when it abruptly moved to distance itself from Jes Staley. Accusing him of repeated “acts of disloyalty” and “intentional and outrageous conduct” over his ties with deceased pedophile financier Jeffrey Epstein, the bank’s lawsuit seeks to clawback $80 million of past pay.

Prime Minister Rishi Sunak said the UK economy is proving stronger than expected after growth in January beat forecasts.

Another Republican senator said he’s planning to introduce legislation that would slap tariffs on carbon-intensive imports, an idea gaining traction with the GOP as a climate solution.

European bank stocks tumbled, tracking steep declines in US and Asian peers on concerns that signs of distress at Californian lender SVB Financial Group could be an indicator of much broader dangers.

Turkish President Recep Tayyip Erdogan officially kicked off the toughest election campaign of his career on Friday, with the broadest-ever opposition alliance standing between him and a third decade in power.