Bloomberg Business

Liz Klein is now the most powerful woman in Washington overseeing the nascent offshore wind and carbon storage industries — as well as the future of oil drilling in US waters.

The Philippines said China should restrict its forces to prevent committing any “provocative act” after a Chinese ship directed a military-grade laser light at a Philippine coast guard vessel in an area claimed by both nations in the South China Sea.

Sweden will probably be the only economy in the European Union to contract this year as high inflation erodes private spending and a housing slump hits construction, European Commission said.

Now that traders have an idea who’s likely to take the Bank of Japan hot seat, the focus will sharpen on the biggest worry of global bond investors — a wave of Japanese cash flowing out of international markets toward rising yields at home.

Philippine President Ferdinand Marcos Jr. said he’s open to a potential reciprocal military access agreement with Japan if it would protect the country’s fishermen and its maritime territory.

An internal review at Deutsche Bank AG found that some employees deliberately circumvented controls to make big profits by mis-selling products.

Just as counterparts suffer the worst cost-of-living crisis in a generation, Switzerland is standing out with probably the most benign inflation shock in the advanced world.

In Canary Wharf, underrepresented founders court leading investors as funding globally dries up. 

Turkey ran its biggest current-account deficit in at least a decade after a surge in gold imports and the cost of energy, with unexplained inflows of capital helping finance nearly half the shortfall.

Hong Kong brokerages are starting to suspend accounts by mainland Chinese customers to comply with a ban issued late last year designed to halt an outflow of cash that runs afoul of the country’s strict capital controls.