Thursday Briefing: Biden talks down Russia, spurs allies in bid to back Putin into a corner

Thursday, June 17, 2021

by Linda Noakes

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Here's what you need to know.

Senate Democrats race to unite on voting rights, alarm in Indonesia as vaccinated doctors infected, and a warning on 'meme' stock prices

Today's biggest stories

U.S. President Joe Biden and Russia's President Vladimir Putin meet at Villa La Grange in Geneva, Switzerland, June 16, 2021

U.S.

President Joe Biden on his first foreign foray sought to cast Russia not as a direct competitor to the United States but as a bit player in a world where Washington is increasingly pre-occupied by China.

Senate Democrats scrambled to unite around a sweeping election reform bill that they aim to bring to a vote next week, in the face of Republican opposition and state moves to pass laws placing new restrictions on voting.

The House of Representatives overwhelmingly passed and sent to Biden a bill making June 19, or 'Juneteenth,' a federal holiday commemorating the end of legal enslavement of Black Americans.

The eight leading candidates seeking the Democratic nomination for New York City mayor exchanged jabs over public safety, housing and homelessness at the final televised debate before Tuesday's primary election.

The Justice Department closed its criminal investigation into whether a book by John Bolton about his time as President Donald Trump's national security adviser illegally disclosed classified information, and dropped a civil lawsuit.

Police officers gather at the headquarters of Apple Daily in Hong Kong, June 17, 2021

WORLD


Five hundred Hong Kong police officers sifted through reporters' computers and notebooks at pro-democracy tabloid Apple Daily, the first case in which authorities have cited media articles as potentially violating the national security law.

More than 350 doctors and medical workers have caught COVID-19 in Indonesia despite being vaccinated with Sinovac and dozens have been hospitalized, as concerns grow about the efficacy of some vaccines against more infectious variants.

For months the world has watched a political eviction drama unfold between Israeli settlers and Palestinian residents of a tiny barricaded road in East Jerusalem that has become a microcosm of the long-running conflict. For 15-year-old Tala Abu Diab each day is a reminder that the quiet side street she grew up on has turned into a fear-filled obstacle course.

Ivory Coast's former president Laurent Gbagbo boarded a flight in Brussels to return home for the first time since he was ousted from power in 2011 and sent to The Hague for war crimes charges of which he was later acquitted.

BUSINESS

Federal Reserve officials have begun telegraphing an exit from the central bank’s extraordinarily easy monetary policy that so far is smoother and signaled to be speedier than when the reins were tightened after the last crisis. We look at how bond markets may weather a hawkish Fed for now.

Britain and the United States agreed to resolve a long-running trade dispute over Airbus and Boeing and turn their attention to tackling Chinese subsidies, echoing a five-year tariff truce announced by Washington and Brussels.

China’s market regulator has begun an antitrust probe into Didi Chuxing, just as the ride-hailing giant is pushing ahead with what could be the largest initial public offering in the United States this year.

The prices of so-called meme stocks may be distorted because the majority of trades in those names are executed away from public exchanges where share price formation occurs, the head of the New York Stock Exchange said.

Quote of the day

"If consumers invest in these types of products, they should be prepared to lose all their money"

Sheldon Mills

Director at the Financial Conduct Authority

More people view crypto assets as acceptable investment, says UK watchdog

Video of the day

China launches historic Shenzhou-12 space mission

Three Chinese astronauts flew to an unfinished space station in China's first crewed mission since 2016, expanding the country's already growing near-Earth presence and challenging U.S. leadership in orbital space.

And finally…

Botswana unearths world's third-largest diamond

The 1,098-carat gemstone is the third-largest behind the 3,106-carat Cullinan stone recovered in South Africa in 1905 and the 1,109-carat Lesedi La Rona unearthed in Botswana in 2015.

More from Reuters

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