The continent is at its most vulnerable in decades

An interview with the OpenAI co-founder.

Today’s newsletter looks at at how dramatically increasing power demands will further disrupt the green transition in 2025. You can read the full story on Bloomberg.com. For unlimited access to climate and energy news, please subscribe.

He will face challenges from both America firsters and conservative mainstreamers

Policymakers at home and abroad are anxious about offshoring

Nickel is pouring into the supply chain from an Indonesian industrial park with a history of fatal accidents.

New voters are set to rotate onto the Federal Reserve’s interest-rate-setting committee just as renewed inflation concerns inject a fresh layer of complexity into the central bank’s decision making.

One of China’s leading developers is now on authorities’ radar for default risk. A major Hong Kong builder is asking lenders to extend loans. Another industry peer is selling an iconic but largely empty mall in Beijing.

The European Central Bank is nearing its consumer-price target but must remain alert to lingering dangers in some sectors, according to President Christine Lagarde.

Chinese automakers captured their smallest share of Europe’s electric-vehicle market in eight months, after new tariffs added as much as 35% to the cost of importing cars to the region.

The euro-area economy will pick up less momentum next year than previously foreseen and only expand slightly more strongly than in 2024, according to a Bloomberg survey.

His second term doesn’t start for a month, but Donald Trump is already sending shock waves around the world.

Panama’s president rebuffed Donald Trump’s threat to reimpose US control over the Panama Canal, saying its shipping tolls aren’t inflated and that sovereignty over the waterway isn’t negotiable.

China connected one of the world’s largest ever solar projects in an effort to curb coal consumption and reign in emissions.

Switzerland and the European Union agreed on a deal to ensure the country’s access to the bloc’s single market, hitting an unofficial end-of-year deadline after lengthy and intense talks.

President-elect Donald Trump warned the European Union that its exports will get hit with US tariffs if its member states don’t buy more American oil and gas.

President-elect Donald Trump warned the European Union that its exports will get hit with US tariffs if its member states don’t buy more American oil and gas.

Unless housebuilding picks up, neither cheap nor dear money will bring relief

Federal Reserve officials lowered their benchmark interest rate for a third consecutive time, but reined in the number of cuts they expect in 2025, signaling greater caution over how quickly they can continue reducing borrowing costs.

Federal Reserve officials capped 2024 with a third-straight interest-rate cut and a strong signal that inflation concerns are back in the fore.

Chinese banks raised new mortgage costs for the first time in three years, new data from a research firm shows, as narrowing margins are dragged down by a persistent property slump and slowdown in the world’s No. 2 economy.

China ramped up support for its currency via the daily reference rate after the Federal Reserve’s caution over future interest rate cuts boosted the dollar and sent the offshore yuan to a one-year low.

The European Central Bank should keep lowering borrowing costs at the current pace as inflation is increasingly under control, according to Governing Council member Gediminas Simkus.

US producers of a crucial material used in electric vehicle batteries have initiated a trade action seeking sharp tariff increases on Chinese graphite, arguing that Beijing’s massive state subsidies are artificially lowering prices and making it impossible for their companies to compete.