Deepening crisis | The assassination of Haiti's President Jovenel Moise has intensified the chaos in a Caribbean island nation already in the grip of armed gangs and a constitutional power struggle. Acting Prime Minister Claude Joseph declared a state of emergency in the country, the poorest in the Americas, with the Associated Press reporting police shot dead four suspects and arrested two others. Economic unraveling | Covid-19 has derailed Prime Minister Narendra Modi's $5 trillion ambitions for India's economy. Three decades of growth may have been undone in just months by the nation's poorly managed epidemic — and with that the hopes for a better life for the millions who had clawed their way out of poverty as the country liberalized its Soviet-style economy. More than half of U.S. hospitality workers wouldn't go back to their old jobs and over a third aren't even considering reentering the industry, according to a survey from Joblist. Profitable gamble | The husband of U.S. House of Representatives Speaker Nancy Pelosi won big on Alphabet stock, netting $5.3 million, and made bets on Amazon.com and Apple just weeks before the House Judiciary Committee advanced legislation targeting the tech giants. Pelosi's spokesman said she had no knowledge of the transactions. Best of Bloomberg OpinionCrypto-duped | Scams involving cryptocurrencies are netting billions as people fall for pump-and-dump schemes called rug-pulls that involve obscure digital tokens known as Shit Coins, Misyrlena Egkolfopoulou and Charlie Wells report. "People have a fear of missing out on the next big thing, so they're just dumping money here and there," says one victim. Bubbly troubles | Moet Hennessy halted shipments of champagne to Russia after Moscow imposed rules that reserve the name for sparkling wines produced locally, Angelina Rascouet and Áine Quinn write. Paris will reach out to Russian authorities "in the coming days," Foreign Minister Jean-Yves Le Drian said, amid anger from French producers over the regulations. What to Watch - The biggest party in Malaysia's ruling coalition withdrew support for Prime Minister Muhyiddin Yassin and called on him to resign, setting the stage for more instability in the Southeast Asian nation.
- Former South African President Jacob Zuma was taken into custody to begin serving a 15-month sentence for contempt of court.
- British travelers who are double vaccinated will no longer need to isolate when returning from moderate risk countries, under a plan likely to take effect this month.
- Volkswagen and BMW agreed to pay $1 billion in fines by the European Union for collusion that regulators said curbed the rollout of emissions-cleaning technology.
And finally ... The suspected poisoning death of a brown bear named Cachou in a remote valley in Spain may seem insignificant in light of the broader vanishing of species from Earth. But Laura Millan Lombrana's deep dive into this murder mystery reveals a conflict between well-intentioned EU-funded conservation projects, locals whose livelihoods are threatened by reintroduced predator species, and officials with murky motives. The scene of the crime: A police agent looks down at the exact place where Cachou was found. Photographer: Angel Garcia/Bloomberg |
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