Federal Reserve officials, confronting developments and an outlook they seem to have not anticipated, face tricky decisions as they finalised their policy deliberations on Wednesday. These centre on updating their individual projections and converging on whether — and if yes, how — to start a necessary policy pivot that unfortunately conflicts with the framework the central bank adopted recently to ...

Bloomberg Seven of the European Union’s leading energy producers called on policymakers to agree to an ambitious and fast reform of the world’s largest carbon market in a bid to help investors in the transition to climate neutrality. Companies including Electricite de France SA, Statkraft AS and Fortum Oyj — which have big nuclear and hydropower fleets — want a ...

Bloomberg Presidents Joe Biden and Vladimir Putin concluded their first summit in the Swiss city of Geneva on Wednesday after about 2.5 hours of meetings, seeking to dial back tensions between the two former Cold War adversaries that have reached the highest level in years. The summit was substantially shorter than aides had predicted. US officials said they expected the ...