Bloomberg Business

The European Union is heading for intense talks in the coming days over how to further curb Russian revenues from exports of oil and petroleum products, and strengthen sanctions to hit President Vladimir Putin’s war machine.

The UK sees no need for immediate subsidies to counter US and EU proposals to boost green industries, two cabinet ministers said.

The US Treasury’s quarterly financing estimates due next week will be closely watched to gauge the department’s view on how the debt-ceiling drama will unfold.

(Bloomberg) — German Finance Minister Christian Lindner won’t lose his immunity and therefore won’t face an investigation on real estate loans after prosecutors concluded that there’s no indication of any criminal conduct.

Joe Biden was there in 2011 when Democrats tried to negotiate the type of broad deficit-reduction plan that GOP lawmakers are once again demanding as a condition of raising the federal debt ceiling.

Chancellor of the Exchequer Jeremy Hunt dismissed calls for tax cuts and pushed back against green energy subsidies, warning that “sound money must come first” as he argued that Brexit will drive UK economic growth.

The International Monetary Fund said Sweden might have to require banks to hold more capital and increase funding for the financial regulator, as risks rise in the country’s property sector.

The International Monetary Fund is exploring a multiyear aid package for Ukraine worth as much as $16 billion to help cover the country’s needs and provide a catalyst for more international funding while Kyiv tries to repel Russian forces, according to people familiar with the matter.