Ed Kalecki

Just in time for tax season, the Treasury Department and the IRS have released new guidance on restrictions to clean energy tax credits under President Trump's tax and spending cut law.

Bloomberg's Nathan Hager has more from Washington.

Western officials say China increased its support for Russia's war in Ukraine in 2025 and is likely to deepen cooperation with Moscow further this year, casting doubt on efforts by European leaders to improve relations with Beijing.

President Xi Jinping has become more assertive and confident in his supporting Russia's Vladimir Putin, and attempts by the Europeans to persuade their Chinese counterparts to help end the war have become more challenging over the past year.

Russia's war in Ukraine would not be able to continue without ongoing Chinese support, particularly the export of dual-use components and critical minerals used in Russian drone production.

A massive storm aimed at California may help the state, which has been struggling with a snow drought through much of the winter.

At least 12 inches of snow is expected to fall between

3,000 and 4,000 feet across mountains in northern and eastern California through next week.

Up to 8 feet are forecast to fall at higher elevations as a winter storm watch covers much of the area.

The snow drought is hurting much of the U.S.

West, including California, which depends on snow for its annual water supplies.

Storms have either brought too much rain, even at high elevations, or, as was the case through most of January, they haven't arrived at all.

The Trump administration is moving ahead with a plan to remake the U.S.

immigration detention system.

Bloomberg's Amy Morris has details from Washington.

Checking the medal count at the Winter Olympics, Norway leads with 20, Italy is second with 18, the U.S.

third with 17.

Months of deadly smog in New Delhi are sharpening public anger over a pollution crisis the government has failed to fix.

India's toxic air crisis is reaching a breaking point.

You can read all about it in Bloomberg's Weekend Edition, exploring the places where finance, life and culture meet.