U.S. Markets open in 8 hrs 53 mins

Impeachment, an Outbreak and a Climate Awakening: Weekend Reads

Michael Winfrey

(Bloomberg) -- Want to receive this post in your inbox every day? Sign up for the Balance of Power newsletter, and follow Bloomberg Politics on Twitter and Facebook for more.

Democrats concluded their arguments in the impeachment trial against President Donald Trump, with Republicans shutting down their efforts to introduce new evidence  in votes split sharply along party lines.

In China, a deadly virus killed dozens of people, spread to other countries, prompted the government to lock down major population centers and triggered protests that the authorities’ reaction to the outbreak was too slow.

The world’s economic and political elite finally put climate change at the top of the agenda at their annual meeting in Davos, Switzerland. And in France, President Emmanuel Macron pushed on with a pension reform despite death threats from unions who oppose it.

We hope you enjoy these and other stories, and click here for Bloomberg’s most compelling political images from the past week.

Giuliani’s Sidekick Parnas Traces Part of Money Trail to UkraineThe expenses racked up Rudy Giuliani’s advance man to Ukraine, Lev Parnas, were so high that some of his Republican donors complained. Read about the new details provided by Parnas about the money web that helped support Giuliani’s work in Ukraine for Trump.

Sanders Rise Means More Talk About Electability Than RevolutionBernie Sanders, who has campaigned for “radical change” leading to a revolution, is now talking more about how he can beat Trump and has something to offer every voter. Emma Kinery describes the rise in polling and fund-raising for Sanders as he refocuses on electability. It Took 50 Years for Climate Change to Top the Davos AgendaIt took five decades for climate change to dominate the annual meeting of business titans, global leaders and top thinkers in Davos. This year, though, it seemed as if no one there could stop talking about it, Laura Millan Lombrana and Aaron Rutkoff report.

Inside China’s Virus Zone, Unease Grips a City in LockdownIn Wuhan, the central Chinese city that’s ground zero of the deadly new virus, a sense of fear is taking hold. The city’s 11 million residents woke to learn they were in lockdown on the eve of the Lunar New Year holiday that unites families for days of feasting.

Putin Has a Plan to Keep Running Russia Without Being President Vladimir Putin became Russia’s longest-serving leader since Josef Stalin by jumping between the presidency and prime ministership in his two decades in power. As Henry Meyer and Ilya Arkhipov report, he’s now got a plan that might keep him in power for life.

Italy’s Chief Disrupter Is Masterminding His ComebackA college dropout who cracks crude jokes, Matteo Salvini is making a political comeback in Italy. The latest target of the right-wing League party leader is a center-left stronghold he plans to flip in a local election tomorrow, John Follain reports.

Tech Giants’ Lobby Spending Shows Washington’s Growing HostilityThree of the biggest U.S. technology giants boosted lobbying spending last year. Eric Newcomer and Ben Brody give details on their fight against charges of unfair competition, efforts to shape privacy laws and pursuit of public contracts in a hostile Washington.

Rio’s Dirty, Foul-Smelling Water Renews Privatization PushCloudy, foul-smelling water running from the taps in Rio de Janeiro is the latest crisis to rock the Brazilian city. As Simone Iglesias and Sabrina Valle report, the strain on resources for 9 million people is about to get worse as the city prepares for Carnival next month.

Tell us how we’re doing or what we’re missing at balancepower@bloomberg.net.

And finally … In 2018, Saudi Arabia’s crown prince, Mohammed Bin Salman, met with Amazon.com Chief Executive Officer Jeff Bezos in an encounter likely weighted with tension. Read this account from David Wainer and Alyza Sebenius about the small dinner in Los Angeles that apparently went well enough that they exchanged phone numbers, a move UN experts said led to a spying attack on Bezos’s phone.

 

To contact the author of this story: Michael Winfrey in Prague at mwinfrey@bloomberg.net

To contact the editor responsible for this story: Karl Maier at kmaier2@bloomberg.net

For more articles like this, please visit us at bloomberg.com

Subscribe now to stay ahead with the most trusted business news source.

©2020 Bloomberg L.P.