Bloomberg Business

Ukraine Recap: Three Pilots Die in Collision; Putin’s Decree

Three Ukrainian military pilots were killed after a midair collision of two L-39 jets on Friday, the defense ministry said. Russia’s navy has shifted some of its missile carriers to the Azov Sea and is shelling targets in Odesa and Mykolaiv from there, Ukraine’s military said. The UK defense ministry foreshadowed the move in July, saying warships, including three that could launch Kalibr cruise missiles, may be part of a fleet headquartered in occupied Mariupol. While Russia shot down drones nea

Jackson Hole and Mugshot Buzz: Your Saturday US Briefing

This week, the world watched as former president Donald Trump surrendered in Atlanta on charges that he conspired to overturn the 2020 election. A polarizing mugshot of Trump was released soon after, adding to the assemblage of mugshots from other case defendants including former New York City mayor Rudy Giuliani and attorney Sidney Powell. Trump didn’t hesitate to capitalize on the image, and soon after posted on X for the first time since 2021 with a link to a political fundraising page.

China Remains Embedded in US Supply Chains: Jackson Hole Paper

China remains embedded in US supply chains even as American firms have taken steps to reduce direct imports from the Asian country, according to a paper presented at the Federal Reserve Bank of Kansas City’s annual Jackson Hole conference Saturday.