Markets spiral after Trump threatens new China tariffs
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Weekend Briefing
Weekend Briefing
From Reuters Daily Briefing
By Robert MacMillan, Reuters.com Weekend Editor
Welcome to the Weekend Briefing. The Nazis stole an estimated 600,000 artworks from Jewish families. More than 100,000 were never returned. Here's how a retired Dutchman tracked one down in Argentina. Our City Memo highlights the charms of Minneapolis, and the On Assignment podcast takes us to Kalundborg – the town that Wegovy helped build.
And in Ukraine: Crews restored power to many parts of Ukraine after a Russian drone-and-missile attack struck energy facilities and cut water supplies. Melania Trump said Russia returned some Ukrainian children to their families after she secured a line of communication with Vladimir Putin.
Irrational exuberance, the sequel: Alan Greenspan's catchy phrase presaged the dotcom bust. Now some wonder whether artificial intelligence is setting us up for another bubble. Fed Governor Neel Kashkari said AI won't quickly replace U.S. workers, but investment in AI data centers could raise the cost of borrowing, even if the Fed reduces its short-term policy rate.
Chicago: Four weeks into Trump's Operation Midway Blitz, mass arrests have stirred fear among immigrants and prompted educators to distribute "know your rights" leaflets. A judge blocked Trump's deployment of National Guard troops to Chicago, while an appeals-court panel might clear the way for the U.S. to send troops to Portland, Oregon.
Sudan: The World Court found Janjaweed leader Ali Muhammad Ali Abd-Al-Rahman guilty of 27 counts of crimes against humanity, including rape, murder and persecution. Tanzania's police said they're investigating reports that a government critic was abducted ahead of elections later this month. And Tanzanian opposition leader Tundu Lissu went on trial for treason.
War jokes: Comedians in the Democratic Republic of Congo are mining their country's chronic instability for laughs as they use dark humor to entertain people displaced by war. And on the subject of war and peace: The White House criticized the Nobel Committee's decision to award the Peace Prize to Maria Corina Machado instead of Trump. He said Machado told him she accepted the prize in his honor.
Before I forget…
The U.S. Treasury finalized a $20 billion currency-swap framework with Argentina and bought pesos in the open market. It's not a bailout, Treasury Secretary Scott Bessent said.
Peter Thiel urged Elon Musk to quit the Giving Pledge, under which signatories would leave most of their wealth to charity. The billionaire venture capitalist also warned of the coming of the Antichrist – and more.
Someone desecrated the grave of former French justice minister Robert Badinter, who led the move to abolish the death penalty and use of the guillotine.
EU lawmakers voted to ban the use of the term "veggie-burger" and to limit food descriptions such as steak, escalope and sausage to products containing meat.
There's a young planet 620 light years away from us that is eating 6 billion tons of surrounding material per second. Ambitious though it might be, it has no chance of becoming a star.
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