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Daily Briefing

New York is bracing for the Trump show, Ukraine urges Bakhmut defenders to fight on despite Russian claims the city has fallen, and Finland's dancing PM Sanna Marin concedes defeat in the country's parliamentary election.

Plus, Parisians vote to ban e-scooters from French capital.

By Kate Turton

Today's Top News

Former U.S. President Donald Trump and Florida Governor Ron DeSantis speak at midterm election rallies, in Dayton, Ohio, U.S. November 7, 2022 and Tampa, Florida, U.S., November 8, 2022. REUTERS/Gaelen Morse, Marco Bello/File Photo

Trump heads to New York

Donald Trump's indictment has resulted in a boost for the former president, as Ron DeSantis-leaning Republicans returned to the MAGA fold, revitalizing his quest to re-enter the White House
Police have thrown up metal barriers around Trump Tower and blocked roads near Manhattan Criminal Courthouse as they brace for potential protests ahead of Trump's expected surrender to prosecutors. Reuters World News is in New York as the city awaits the arraignment of Trump after his indictment in a grand jury probe over hush money paid to a porn star.
From Bragg to Tacopina: Who's who in the Trump hush money case? Trump will make history as the first former president to be criminally charged in a case that is expected to last more than a year and involve a raft of players.

Elsewhere...

Russia says it has arrested a woman suspected of blowing up military blogger Vladlen Tatarsky, who was killed in a bomb attack in a St Petersburg cafe in which some 30 other people were wounded. Here's what we know so far.
Fighting around the eastern Ukrainian city of Bakhmut remained "particularly hot", President Volodymyr Zelenskiy said, giving no indication the city had finally fallen to Russia. Wagner mercenary chief Yevgeny Prigozhin said his troops had raised a Russian flag on its administrative building.
Finland's left-wing Prime Minister Sanna Marin conceded defeat on Sunday in the Nordic country's parliamentary election as the opposition right-wing National Coalition Party claimed victory in a tightly fought contest.
Indian opposition leader Rahul Gandhi will lodge an appeal against his conviction for defamation, his lawyer said, hoping to overturn a judgement that resulted in his expulsion from parliament a year before a general election is due.

Business & Markets

India's young and aspirational population's propensity for online spending has attracted global companies and digital platforms. And as private consumption underpins economic growth in India, financial investors are targeting new ways to tap into it.
Oil prices surged after Saudi Arabia and other OPEC+ producers announced a surprise round of output cuts, a potentially ominous sign for global inflation just days after a slowdown in US price data had boosted market optimism.
The New York Times will not pay a monthly fee to get verified check mark status on Twitter, a spokesperson for the newspaper said hours after it lost the verified badge on the social media platform. According to new Twitter policy, verified check marks are now offered only through a paid subscription.
Federal Reserve officials, increasingly confident they have nipped a potential financial crisis in the bud, now face a difficult judgment on whether demand in the US economy is falling and, if so, whether it is coming down fast enough to lower inflation. Read more from Macro Matters.

Italy's ski industry fires cannon against climate change

Skiers pass on an artificial snow slope as end of the ski season nears, in Monte Cimone, Italy, March 31, 2023. REUTERS/Claudia Greco

Monte Cimone, a popular ski resort in Italy's Apennine Mountains, invested 5 million euros in artificial snowmaking before the winter season in an attempt to stave off the impact of global warming. The money was largely wasted.

The snow cannon proved useless because the water droplets they fire into the air need freezing weather for them to fall to the ground as snow, and until mid-January the temperature never fell below zero Celsius.

The Italian skiing industry faces a looming decision: battle on in the hope technological progress can overcome the effect of rising temperatures, or change the business model and look for alternative sources of tourist revenue.

And Finally...

A woman rides an electric scooter, on the eve of a public vote on whether or not to ban rental electric scooters in Paris, France, April 1, 2023. REUTERS/Sarah Meyssonnier

An overwhelming majority of Parisians voted to ban electric scooters from the streets of the French capital, in a non-binding referendum that city authorities have said they would follow.

The ban won between 85.77% and 91.77% of the votes in the 20 Paris districts that published results, according to the City of Paris website on what was billed as a rare "public consultation" and prompted long queues at ballot boxes around the city.

Read more here: Parisians vote to ban e-scooters from French capital

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