In recent years, Wall Street banks have dominated their European counterparts in most areas of global finance. But there’s one hot corner of the capital markets where European firms are staying ahead of their US rivals: the soaring market for green bonds. Overall, Europe’s banks have been laggards, even in their own backyard. In European mergers and acquisitions, for example, ...

Bloomberg President Vladimir Putin warned rival nations not to cross Russia’s “red line” in their actions or face a tough reaction. “Russia’s response will be asymmetric, quick and harsh,” Putin said in his annual state-of-the-nation speech on Wednesday. “They will regret it more than ever before.” Putin didn’t single out any rivals for criticism, saying Russia would decide where its ...

Bloomberg President Joe Biden said the conviction of former Minneapolis police officer Derek Chauvin was “a giant step forward in the march towards justice in America,” and called on lawmakers to ensure the legacy of George Floyd wasn’t his murder, but lasting law-enforcement reform. “No one should be above the law and today’s verdict sends that message, but it’s not ...