| Putin's Covid-19 Boasts Sour Amid Explosive Rise in Infections
Putin told business leaders at his flagship economic forum this month that Russia is coping better than many other countries with Covid-19. But as Henry Meyer notes, events increasingly are contradicting him. - The Biden-Putin summit left two things clear, Alyza Sebenius writes: Russia is almost sure to test Biden's resolve to prevent cyberattacks, and the U.S. president may find his red line difficult to enforce.
Key Climate Talks Are Headed for Trouble After G-7 Wrangling
Global leaders say they want decisive action on tackling climate change at a crunch UN meeting this year. But, as Tim Ross, Alberto Nardelli and Jess Shankleman report, the behind-the-scenes arguing at the recent Group of Seven summit — where progress was blocked by last-minute nerves, political tensions and a funding shortfall — shows how far they have to go.  Demonstrators with masks depicting G-7 leaders at an Extinction Rebellion demonstration on the sidelines of the summit in Falmouth, U.K. Photographer: Hollie Adams/Bloomberg Xi Taps Top Deputy to Lead China's Chip Battle Against U.S.
Chinese President Xi Jinping is pushing toward his goal of self-sufficiency on technology with an initiative aimed at helping domestic chipmakers overcome U.S. sanctions. Shiyin Chen and Gao Yuan report exclusively on the latest task assigned to Liu He, Xi's economic czar.
A Far-Flung Taiwan Island Risks Triggering a U.S.-China Clash
Chinese warplanes carrying out frequent incursions around Taiwan have settled into a flight pattern that is generating alarm among U.S. and Taiwanese military planners. Kari Lindberg and Cindy Wang explain the role of tiny Pratas Island in the growing tensions between Taipei and Beijing.  His Economy in Ruins, Venezuela's Maduro Pleads for Biden Deal
President Nicolas Maduro projected unflappable confidence in an interview with Bloomberg Television's Erik Schatzker, saying Venezuela has broken free of "irrational, extremist, cruel" U.S. oppression. But in between his denunciations of Yankee imperialism, Maduro is also making a public plea to Biden. - Read how Maduro's grip has forced the opposition to lower its sights.
- You can read the full transcript of the interview here.
 Maduro during the interview in Caracas on June 14. Photographer: Gaby Oraa/Bloomberg Cleric to Take the Reins in Iran, Pushing Moderates Aside
Ultraconservative Ebrahim Raisi won Iran's presidential election, an outcome that potentially complicates efforts by world powers to restore the 2015 nuclear accord. Read more about the former judiciary chief who is hostile to the West in this story by Golnar Motevalli.  Biden used his overseas meetings to seek a united front against the country he's called America's most serious global competitor: China. The world's second-largest economy was on the agenda during Biden's meetings with the G-7, NATO, European Union and even Putin — whose country, he remarked, is "getting squeezed by China."
U.K. Is Test Case for Covid Endgame as Variant Upends the Math
Prime Minister Boris Johnson warned Britons at the start of the pandemic that "many more families are going to lose loved ones before their time." As Emily Ashton and Marc Daniel Davies explain, next month's planned lifting of Covid-19 restrictions will require him to level with the public again. - The road to the Olympics has been long, uncertain and arduous. Lisa Du writes that the Tokyo Games promise to be the weirdest ever for isolated athletes.
- Covid cases are hitting zero in U.S. hospitals once overrun by victims
Race for Global Tax Revolution Faces Hurdles in Last Stretch
The world's richest nations have set the stage for a revolution in corporate taxation, but they still have their work cut out to achieve their overhaul. Isabel Gottlieb and William Horobin outline the multiple technical details that are unresolved.
 The theft of commodities like lumber, metals, and food crops is nothing new. Yet the combination of soaring prices, the pandemic, and the hit to economies has created an unusually fertile ground for criminals.
Once-Thriving Economy Tested as Ethiopia's Abiy Cracks Down
Three years after heralding an end to authoritarian rule and plans to open up Ethiopia's economy to foreign businesses, Prime Minister Abiy Ahmed is alienating allies and frightening off investors. Samuel Gebre, Alonso Soto and Selcuk Gokoluk lay out the challenges with Abiy expected to win parliamentary elections on June 21.
China's Worse-Than-Suez Ship Delays Set to Widen Trade Chaos
The global shipping industry, already exhausted by pandemic shocks that are adding to inflation pressures and delivery delays, faces the biggest test of its stamina yet. A partial shutdown at one of China's busiest ports has further snarled trade routes and lifted record freight prices even higher.  Old AMLO Ally Faces Fight to Empower Mexico Finance Ministry
Mexico's new finance chief has spent decades at Andres Manuel Lopez Obrador's side. As Max de Haldevang and Nacha Cattan explain, that will come in handy as he takes on his biggest challenge: shaping economic policy in an administration tightly run by the nationalist president.
Nigeria's Cratering Economy May Become Africa's Biggest Threat
Policy missteps, entrenched corruption and an over-reliance on crude oil mean a country that makes up a quarter of Africa's economy risks becoming its biggest problem. Alonso Soto reports that ethnic tension, youth discontent and criminality is adding to the mix.
And finally…China doesn't have anywhere near the global fashion cachet as Italy, France or Japan, and one of the most downloaded shopping apps in the U.S. divulges almost nothing to customers about its origins. Anyone interested in learning about Shein — where it sources materials, how one might get a job there, or even where "there" is — hits one dead end after another on its slick app. But the company owes its success to China — in particular a trade-war era change to China's tax code that slashes costs for the company and its suppliers.  Katy Perry performs during the Shein Together Virtual Festival in May 2020. Source: Getty Images | 
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