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Stimulus moves ahead, U.S.-Saudi tensions rise: Weekend Reads

Bloomberg

U.S. President Joe Biden got his $1.9 trillion stimulus plan through the House, a boost for his efforts to support those hard hit by the coronavirus pandemic. But he faces a trickier time in the Senate, with changes to the legislation likely amid a debate over raising the minimum wage to $15 an hour.

Tensions with Saudi Arabia rose after the White House released parts of a classified report that concluded Crown Prince Mohammed bin Salman signed off on the 2018 murder of critic Jamal Khashoggi inside the Saudi consulate in Istanbul.

Elsewhere, European Union leaders inched toward establishing bloc-wide vaccine certificates to enable countries to reopen to travel as Commission President Ursula von der Leyen warned that unless they hurry, Apple and Google will step into the vacuum.

Dig deeper into these and other topics with the latest edition of Weekend Reads. — Rosalind Mathieson

A rally outside the Saudi embassy in Washington in October 2018 after Khashoggi disappeared. 

Photographer: Matt McClain/The Washington Post 

Click here for this week's most compelling political images and tell us how we're doing or what we're missing at balancepower@bloomberg.net.

Biden's Pledge of Equitable Vaccines Awaits Boost by More Shots
The Biden administration is struggling to address a persistent racial disparity in the U.S. coronavirus vaccination campaign that has seen White Americans receive a disproportionate share of shots, even in places with large minority populations. Josh Wingrove sets out the challenges in addressing disparate distribution across the country. 

Shipping Snarls Force Global Trading to Look Outside the Box
A surge in the cost of shipping goods around the world is prompting manufacturers and their customers to scramble for cheaper solutions. Enda Curran writes how exporters, importers and their agents are considering buying their own shipping containers and chartering vessels.

U.K. Sanctuary Offer for Hong Kong Activists Is Great If You Can Afford It
The U.K. has taken the lead in responding to China's imposition of a National Security Law on Hong Kong by offering a path to citizenship for eligible residents of the former British colony. But as Kitty Donaldson and Alberto Nardelli discovered, the most vulnerable in Beijing's crackdown may not even be eligible.

Hezbollah and Israel's Richest Were Both Welcome at a Congo Bank
Afriland First Group's Congo coffers swelled nearly fivefold in 2018 to $279 million, an influx that transformed the Switzerland-based company which oversees a network of banks across Africa. But as Michael J. Kavanagh and William Clowes report, it would go on to wreck the lives of two employees who blew the whistle on where the cash was coming from.

Gradi Koko Lobanga, the former head of the internal audit division at Afriland's Congo unit, left, with former comptroller Navy Malela Mawani in Paris on Feb. 17.

Photographer: Cyril Marcilhacy/Bloomberg

India Wields Colonial-Era Sedition Law to Detain Farm Protesters
As Prime Minister Narendra Modi's administration struggles to contain protracted protests by farmers, it is turning to a sedition law that can lock up dissidents without bail while they await trial — sometimes for years. Archana ChaudharyBibhudatta Pradhan and Sudhi Ranjan Sen explain the broad police powers that are a colonial legacy. 

Army General Running Petrobras Will Learn About Oil on the Job
A career military man who cut his teeth building highways in the Amazon and whose greatest qualification for the job, as critics see it, is his respect for hierarchy and discipline, is the new head of Brazil's state-run oil giant. 
Peter Millard and Samy Adghirni take a closer look at Joaquim Silva e Luna.

Path to Restored Iran Deal Set to Be Long and Politically Toxic
While Biden vowed on the campaign trail to re-enter the 2015 nuclear deal with Iran, the pact has become so controversial in both countries that getting there looks set to take months of wrangling, if it can be done at all. Marc ChampionNick Wadhams and Golnar Motevalli explain how hard it will be to simply agree on a roadmap for negotiation.

Ryabkov was speaking in an exclusive interview as Russia braces for more measures from the U.S. over the nerve-agent poisoning and imprisonment of opposition leader Alexey Navalny. 

Sunak Plots Tax Raid to Plug U.K. Deficit, Risking Tory Rage
Chancellor of the Exchequer Rishi Sunak faces a battle on Wednesday when he delivers his budget to persuade his own colleagues of the need to slow government spending and address a painful hole in public finances that's nearing $558 billion. As Alex MoralesJoe Mayes and Andrew Atkinson point out, the big question is how to pay the bill.

India Beats China at Its Own Game in Vaccine Diplomacy Battle
India's huge capacity to make coronavirus vaccines is helping it take on China in the fight for political influence across the developing world. Iain MarlowArchana Chaudhary and Kari Lindberg explain how India is gaining the advantage after a slow start.

Workers unload vaccines produced by India's Serum Institute in Yangon on Jan. 22.

Photographer: STR/AFP

Why Texas Broke: The Crisis That Sank the State Has No Easy Fix
When the cold spell plunged the energy powerhouse into darkness, Texans found profound flaws in their infrastructure. As Rachel Adams-Heard writes, meaningful change may be a long time coming.

  • The big freeze is a warning of yet another climate threat — for water.

Even the World's Most-Vaccinated Economy Faces a Tough Reopening
As the world waits for a vaccine-driven return to normal, Ivan Levingston writes why Israel is showing what a long and arduous road it will be.

And finally... Meatpacking powerhouses have borne the brunt of watchdog efforts to root out illegal deforestation in Brazil's beef industry. But a new report shifts attention further down the supply chain, seeking to tie French supermarket giants Carrefour and Casino Guichard-Perrachon to the destruction of the Amazon.

Cattle near a burnt section of rain forest in the Amazonian state of Para.

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