Bloomberg Business

Britain risks being left behind unless it significantly ramps up support for green industries, an association of business leaders said Tuesday.

China granted a key ministry new powers and created a bureau to oversee increasingly valuable data, shaking up oversight of its vast technology arena as Xi Jinping’s administration battles the US in areas from AI to semiconductors.

Bank of England rate-setter Catherine Mann sees signs of a “revival” emerging in the UK’s property market as Halifax reported the fastest rise in house prices since June.

Qatar’s ruler appointed Sheikh Bandar bin Mohammed bin Saud Al-Thani as chairman of the Gulf state’s $450 billion sovereign wealth fund after his predecessor was named prime minister.

Goldman Sachs Group Inc. is lining up about €2.5 billion ($2.7 billion) of debt financing for the potential sale of French biometrics and identity verification firm Idemia.

Bank of England policy maker Catherine Mann said the pound could weaken further as investors absorb the implication of plans by the US Federal Reserve and European Central Bank to raise interest rates.

President Joe Biden will propose hiking taxes on some Americans making over $400,000 per year and allowing the government new power to negotiate drug prices as part of a plan to extend the solvency of a key Medicare program, according to an op-ed published Tuesday.

Auto executives are watching closely for what, if any, new state support for the electric-vehicle sector may emerge from this week’s annual legislative conference.

(Bloomberg) — Consumer expectations for euro-zone inflation receded “significantly,” according to the European Central Bank, bolstering calls for the pace of interest-rate increases to be slowed.

South Africa’s economy shrank more than expected in the fourth quarter, when the state-owned power utility intensified rolling blackouts that continue to put a dampener on output.