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The Group of 20 summit that starts in Hamburg on Friday is the most anticipated—and potentially turbulent—gathering of global leaders in years. U.S. President Donald Trump is making his first G-20 appearance and meeting Vladimir Putin for the first time. From trade to migration, the summit is rife with potential flashpoints. Trump warmed up in Warsaw on Thursday with a speech bracketing terrorism and bureaucracy together as threats to the West.— Andy Reinhardt
Deutsche heads for the door. German lender Deutsche Bank is looking to move large parts of its London trading and investment-banking business to Frankfurt in preparation for Britain’s exit from the EU, sources tell Bloomberg. Several hundred traders and as many as 20,000 client accounts will likely be shifted in a move that’s expected to play out over 18 months. Deutsche Bank joins some of the world’s biggest banks eyeing potential alternative locations.
Fed up. Public opinion has turned against the cost-cutting policies pursued by Britain’s Conservative Party since it came to power in 2010. From tax policy and wage stagnation to housing prices and education costs, these six charts lay out the economic factors behind the U.K.’s anti-austerity mood swing.
From bull to bear. Hedge fund manager Andy Hall is one of oil’s most prominent bulls—but in an investor letter this week he started to sound skeptical. His change of heart comes as crude prices have fallen 16 percent this year and U.S. shale drilling threatens to undermine OPEC production cuts.
Local hero. Marcus Hutchins is only 23, but the self-taught computer security researcher and avid surfer, who lives in an English seaside town, helped save the world from the devastating WannaCry cyberattack in May. Another ransomware attack last week proved to be more benign, but Hutchins is nevertheless on the lookout for the next malware threat.
Mass protest. The leader of Turkey’s main opposition party, the CHP, is heading a 250-mile march from Ankara to Istanbul. About 30,000 people have joined him in an unprecedented act of mass party defiance to protest President Recep Tayyip Erdogan’s far-reaching crackdown on dissent. Since last year’s failed coup some 50,000 people have been thrown in jail and a CHP member of parliament was sentenced last month to 25 years.
Don’t judge a wine by its label. A wild label may be way more entertaining than the actual wine inside. But sometimes the opposite happens, and there’s a fabulous red or white behind the ugly label. Here are six delicious wines that come in bottles with awful art.
Compiled by Andy Reinhardt and Leila Taha