Bloomberg US President Joe Biden said Russian President Vladimir Putin made a “big mistake” in suspending participation in the New START nuclear treaty, his first direct response to the announcement. Biden made the brief remark in Warsaw, ahead of a meeting with a group of eastern-flank Nato allies known as the Bucharest Nine. In response to a shouted question from ...

  Bloomberg Indian officials hosting Group of 20 finance chiefs this week are seeking to avoid using the word “war” in any joint statement when referring to Russia’s war in Ukraine, a person familiar with the matter said. That would mark a divergence from a consensus reached by leaders in Bali last November. The person said using words like “crisis” ...

  Bloomberg The chief of Taiwan’s military told a local magazine the island’s forces could repel an initial attack from China if they are well-prepared. “China is certainly strong enough to start a war, but it’s not so strong that it can successfully take Taiwan within one or two weeks,” Defense Minister Chiu Kuo-cheng said in an interview with CommonWealth ...

  Bloomberg Australia and the Philippines are considering joint patrols in the South China Sea, their defense ministers said, as the Southeast Asian nation reported continuing presence of suspected Chinese vessels in contested waters. Australia also wants to pursue more military exercises with the Philippines, Defense Minister Richard Marles said in a briefing after meeting with Filipino counterpart Carlito Galvez ...

Bloomberg UK Prime Minister Rishi Sunak suggested a coming deal with the European Union over post-Brexit arrangements in Northern Ireland would involve legal changes to the existing treaty, something the bloc has previously opposed. In the House of Commons, Democratic Unionist Party leader Jeffrey Donaldson complained that under the existing “unacceptable” deal — known as the protocol — “EU laws ...

Bloomberg Deutsche Bank AG sees opportunity in Mexico where other investment banks don’t. The German lender is expanding its operations in Latin America’s second-largest economy, with an eye to tapping into international interest in the country’s manufacturing base, according to Christiana Riley, chief executive officer of Deutsche Bank Americas. That means focusing on providing more foreign-exchange and fixed-income derivatives to ...

  Bloomberg Bank Indonesia Governor Perry Warjiyo has been nominated for another five-year term in a move that should solidify monetary policy continuity in Southeast Asia’s largest economy. President Joko Widodo has sent Warjiyo’s name to parliament as his sole candidate for the post, according to Said Abdullah, who heads the budget committee in parliament. Lawmakers will deliberate on the ...

  Bloomberg Maya, a financial technology firm in the Philippines, is considering raising about $150 million from investors to boost its growth, according to people familiar with the matter. The digital payments and banking company is working with financial advisers in a fundraising deal that could bring its valuation closer to about $2 billion, the people said, asking not to ...

  Bloomberg JPMorgan Chase & Co has curbed its staff’s use of the ChatGPT chatbot, according to a person familiar with the matter. The artificial intelligence software is currently restricted, the person said, who asked not to be identified because the information is private. The move, which impacts employees across the firm, wasn’t triggered by any specific incident but reflects ...

  Bloomberg JPMorgan Chase & Co’s Michelle Chen, a former senior China technology banker, will join the bank’s asset and wealth management division in Hong Kong, according to a memo seen by Bloomberg News. Chen, the bank’s former co-head of China technology, media and telecommunications, will lead the bank’s 23 Wall efforts in North Asia, reporting to Natacha Minniti, the ...