Bloomberg Business

The first named storm of this year is heading for the UK and northwest Europe, threatening to bring havoc to infrastructure as well as a surge in wind power production on Friday.

Turkey’s central bank is having to defend a 30 billion-lira ($1.6 billion) donation for survivors of the country’s worst earthquake disaster in a century because it apparently bypassed the Treasury.

President Joe Biden expects to soon speak with Xi Jinping about the Chinese balloon shot down by the US earlier this month, signaling a desire to end a dispute that has highlighted the fragility of relations between the world’s biggest economies.

Hermes International showed it was immune to shopping disruptions in China with sales jumping in the fourth quarter as wealthy consumers’ appetite for Birkin bags and other high-end leather goods remained strong.

The US is sending its top China defense official to Taiwan, according to the Financial Times — though it’s unclear how Beijing will respond given the softer tone it has adopted in its diplomacy with the US and allies recently.

Air France-KLM said is has “turned the page” on the coronavirus pandemic that prompted an unprecedented industry slump and forced a government bailout, predicting that it will exit state aid this year and return to full passenger capacity by the end of 2023.

UK retail sales rose unexpectedly last month after post-Christmas discounting brought people into stores.

Electricite de France SA reported a historic loss for 2022 after repairs choked its nuclear output, but the utility predicted a significant rebound in earnings this year as production recovers.

A weak winter crop would potentially be bad news for India’s inflation. But a bumper crop won’t make it good news either. That’s the assessment of HSBC Holdings Plc, which is now penciling in further monetary tightening.

Shares of Japanese broadcasters jumped after their business group called on the government to ease a requirement that they report foreign investors that hold a stake of 0.1% or higher.