Daily Briefing

Baltimore rescuers lose hope for more survivors, Trump's media company ticker leads to a fleeting windfall for some investors, and Russian investigators to study request to probe Western involvement in 'terrorism'.

Plus, racial tensions cost Germany skilled foreign labor.

By Kate Turton

Today's Top News

A drone view of the cargo vessel that crashed into the bridge in Baltimore, March 26, 2024. NTSB/Handout via REUTERS

UNITED STATES

Search divers were expected to return near dawn to the waters surrounding the twisted ruins of a bridge knocked down in Baltimore Harbor by a faltering cargo ship, leaving six workers missing and presumed dead. The Baltimore bridge collapse in photos.
As efforts turn to finding out why the container ship smashed into the bridge's span, Matt Scuffham joins the Reuters World News podcast to discuss the implications for global supply chains. Here is a timeline of the collapse of Baltimore's Francis Scott Key Bridge.
President Joe Biden's son Hunter will ask a US judge to dismiss the criminal case accusing him of evading $1.4 million in taxes, arguing that prosecutors bowed to political pressure from Republican lawmakers investigating his father.

IN OTHER NEWS

Russian state investigators said they would study a request from parliamentarians to investigate what they called the "organization, financing, and conduct of terrorist acts" against Russia by the US and other Western countries.
Thousands of people protested in Budapest near parliament demanding the chief prosecutor and Prime Minister Viktor Orban resign after a former government insider accused a senior aide to Orban of trying interfere in a graft case.
US Defense Secretary Lloyd Austin said it was a moral and strategic imperative to protect Palestinian civilians in the war between Israel and Hamas and that the humanitarian catastrophe in besieged Gaza was getting worse.
South Africa's second most popular party the Democratic Alliance would not rule out a deal with the ruling African National Congress should the ANC fail to get the majority it needs to retain power in May elections, its leader said.
Pope Francis appeared stronger ahead of a busy Easter week schedule. The 87-year-old pontiff read out in full his pre-prepared texts at his weekly audience, looking more robust than in recent audiences in which an aide had taken on most of the readings.

Business & Markets

Bulk carriers lie at anchor in Nakhodka Bay near the port city of Nakhodka, Russia, December 4, 2022. REUTERS/Tatiana Meel/File Photo

Russian oil firms face delays of up to several months to be paid for crude and fuel as banks in China, Turkey and the United Arab Emirates become more wary of U.S. secondary sanctions, eight sources familiar with the matter said.
Possible confusion over the new stock symbol for former President Donald Trump's Truth Social saw some investor brokerage balances briefly jump by hundreds of thousands of dollars on the first day Trump's "DJT" ticker traded.
Two small solar manufacturers said they are joining forces to make panels that will enable their customers, US solar project developers, to collect on a lucrative new federal subsidy for American-made clean energy equipment.
Runaway prices at US fast-food joints and restaurants have made people skittish down the income ladder and executives at chains including McDonald's and Wendy's recently said they worry about losing business from those on the tightest budgets.
Country Garden has hired Kroll to carry out a liquidation analysis ahead of a court hearing in mid-May, according to three sources, as the embattled Chinese developer pushes ahead with its offshore debt restructuring plan.
The current low-carbon transition plans of 10 of Europe's and North America's biggest listed oil and gas companies are not good enough to assess the risks involved, the world's leading investor climate action group said.

Racial tensions cost Germany Inc. skilled foreign labor

Manager Joerg Engelmann says he has pulled out all the stops to attract skilled foreign workers to his chemical engineering company in Chemnitz, east Germany. But once they arrived, the racial slurs and exclusion they experienced in the town have driven some of them away.

His firm is one of five German medium-sized companies that told Reuters their foreign staff recently moved on or switched locations due to xenophobia, even as Europe's biggest economy suffers a shortage of skilled labor.

Companies experience difficulty hiring due to anti-immigrant sentiment.

And Finally...

Martin Cassan in his one-bedroom apartment during an interview about renting it out during the Paris 2024 Olympic Games. March 25, 2024. REUTERS/Yiming Woo

Like many Parisians, Martin Cassan will be heading the other way when the tidal wave of Olympics visitors hits the French capital in late July, taking the opportunity to make some extra cash by renting out his apartment.

Parisians get ready to leave city with rental cash in pocket.

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