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Bloomberg China is “extremely concerned” about the harm to civilians in Ukraine, Foreign Minister Wang Yi told his Ukrainian counterpart in a call, in the latest indication of Beijing’s desire to prevent the war’s further escalation. Wang said the world’s second largest economy also “deplores the outbreak of conflict between Ukraine and Russia,” according to a statement posted on the ...

  Bloomberg Taiwan’s government is juggling competing high-profile visits from the US in a busy week of diplomacy as Washington sends a delegation to democratically run Taipei just before a trip by former secretary of state Michael Pompeo. President Tsai Ing-wen met a bipartisan group led by former chairman of the Joint Chiefs of Staff Michael Mullen in the Presidential ...

  Bloomberg India plans to avoid condemning Vladimir Putin’s invasion of Ukraine as it needs Russian weapons in its standoff with China, and officials in New Delhi are confident the US won’t apply much pressure, people familiar with the matter said. Moscow has been one of India’s biggest weapons suppliers since the Cold War, with more than half of India’s ...

  Bloomberg Russia told the International Atomic Energy Agency that its military had taken control of territory around Ukraine’s Zaporizhzhya nuclear power plant as diplomats hold an emergency meeting to voice their mounting concern over safety with fighting escalating. Ukraine authorities say they maintain control of the plant itself and that a combat-ready military unit remains within the perimeter. Some ...

  Bloomberg Roman Abramovich is selling his London properties, according to British MP Chris Bryant, and a Swiss billionaire said he’s been approached about buying Chelsea Football Club. “He’s terrified of being sanctioned, which is why he’s already going to sell his home tomorrow and sell another flat as well,” Bryant, a member of Britain’s opposition Labour Party, said in ...

Bloomberg Nord Stream 2 AG, operator of the controversial gas pipeline under the Baltic Sea to Germany, said it can’t confirm published reports that it has filed for bankruptcy amid a raft of international sanctions against Russian assets. “We cannot confirm the media reports,” it said in a statement. Switzerland-based Nord Stream 2 AG “only informed the local authorities that ...

Bloomberg Prime Minister Boris Johnson was accused of being slow to act in sanctioning Russian billionaires after the UK lagged the US and European Union in targeting individuals with links to Vladimir Putin. In Parliament, opposition Labour Party leader Keir Starmer questioned why Igor Shuvalov, Putin’s former deputy prime minister, is not on the UK sanctions list despite being on ...

  Bloomberg Italy will invest over 4 billion euros ($4.4 billion) to develop the domestic semiconductor industry, as it seeks to support companies transitioning to greener technologies. Prime Minister Mario Draghi’s government approved a new fund which will allocate 150 million euros in 2022 and 500 million euros each of the following years until 2030 as part of a new ...

  Bloomberg A group of the world’s richest nations that pledged $8.5 billion in climate finance to South Africa wants the money to be used to retire coal-fired power plants, according to a senior U.S. official involved in the talks, damping suggestions some could be channeled to producing electric vehicles and green hydrogen. The funds pledged by the US, UK, ...

  Bloomberg US futures fluctuated and stocks were lower as investors assessed the impact of Russia’s invasion of Ukraine on commodity supply and the global economy. Oil topped $110. Contracts on US gauges were little changed, after the S&P 500 swung between losses and gains. The Stoxx Europe 600 Index was also lower, after briefly erasing declines. Ericsson led a ...