Caroline Hepker

once a £1 billion trash is completed.

The U.S.

Commerce Secretary Howard Lutnick has also come under fire for his appearance in the files.

Lutnick said that he did visit Epstein's private island in 2012 after Epstein was convicted as a sex offender.

Here is an exchange between the Maryland Senator Chris Van Hollen and Lutnick.

Lutnick is facing calls to resign over his relationship with Epstein since the files show his ties to the disgraced financier were more extensive than he previously revealed.

The White House says that President Trump has no plans to remove Lutnick from his post.

I'm Caroline Hepka and this is Bloomberg.

And I'm Caroline Hepker.

The European Council president has told Bloomberg that the EU must review its powerful competition rules to boost the bloc's economy.

Antonio Costa was speaking ahead of a gathering of EU leaders this week, which will focus on improving competitiveness as the region faces challenges from the United States and China.

The European Council president was speaking after the German and Italian governments warned Europe must act now on reforming its single market.

In a paper circulated ahead of tomorrow's leaders' meeting, they called, among other things, for the EU to loosen merger rules, allowing European companies to scale up and rival America's tech giants.

Emails released by the US Justice Department show Elon Musk's brother, Kimball Musk, was connected with at least two women through Jeffrey Epstein several years after the disgraced financier pleaded guilty to sex crimes.

The emails show that the director at Tesla and Epstein discussed party plans, relationships and a possible visit to Epstein's island.

Kimball Musk released a statement saying that his only meeting with Epstein was in his New York office during the day and that he never went to his island.

Investment in UK fintechs plummeted by more than 20% last year to the lowest level since the start of the COVID-19 pandemic.

Bloomberg's Ewan Potts has the story.

I'm Caroline Hepka.

And this is Bloomberg.