Your Saturday Briefing: Tensions in Munich, Carnival Is Back
Something for the weekend
Bloomberg Business
Europe Is Already Indirectly at War With Russia, Orban Says
Europe is indirectly at war with Russia because of its military support for Ukraine, Hungarian Prime Minister Viktor Orban said Saturday in a speech addressing his refusal to send arms to Kyiv.
If Consumers Are Saviors, Upcoming Retail Earnings Will Show It
From Home Depot Inc. to Walmart Inc., the biggest US retailers are about to grab the earnings spotlight, providing investors crucial insight into consumer demand, the trajectory of economic growth and Corporate America’s profitability.
EU Urged to Sanction Moldova Oligarchs Linked to Unrest
Oligarchs accused of helping to destabilize Moldova and potentially overthrow its pro-European government should be targeted with European Union sanctions, Estonia’s top diplomat said.
Brexiteers Face Grim New Reality as Sunak Nears Northern Ireland Deal
The UK leader is determined to end years of wrangling with the EU over Northern Ireland. It could mean the endgame for Brexit’s staunchest defenders.
France, Germany Extend Transition From Indian Clearing Firms
France and Germany’s markets watchdogs have extended by 18 months the time their banks have to transfer trading positions from Indian clearing houses, amid a dispute between regulators regarding oversight of securities settlement.
The $100 Billion Offshore Wind Industry Has a Whale Problem
Dead whales keep washing up on the US Atlantic coast. A coalition of wind opponents, environmentalists and conservatives are blaming offshore wind.
DeSantis Is Trying to Turn Trump’s Biggest Win Into a Liability
The Florida governor is seizing on distrust among GOP voters over Covid shots ahead of a widely expected presidential run.
Five Million Carnival Goers Descend on Rio as Brazil Seeks Comeback
Rio de Janeiro will welcome an estimated five million revelers at its Carnival celebrations this weekend, signaling a comeback for Brazil after two years of Covid-19 put celebrations on hold.
Harris Says Russia Committed Crimes Against Humanity in Ukraine
Vice President Kamala Harris said the US has concluded that Russia committed “crimes against humanity” in its invasion of Ukraine and vowed that Moscow would be held to account for its actions.
