A deadly flash flood tore through a valley in Nepal near the Chinese border, leaving hundreds dead and more than a thousand missing. Foreign tourists are among those affected as authorities brace for flooding downstream.
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Indian Prime Minister Narendra Modi called on President Vladimir Putin to end Russia’s war in Ukraine during a meeting on the sidelines of the Shanghai Cooperation Organization summit in Kyrgyzstan. Bloomberg’s Sudhi Ranjan Sen explains what leverage India has with Russia, why Modi made the appeal now and what it could mean for the two countries’ ties.
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Kenneth Rogoff, professor of economics at Harvard University and former chief economist at the IMF, discusses the US deficit problem and why he thinks it is unlikely to be addressed until a major crisis forces voters to act. He speaks with Bloomberg’s Tom Keene at the Federal Reserve’s annual conference in Jackson Hole, Wyoming.
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The US and Canada appear to be headed for a prolonged trade standoff, with no current negotiations and Canadian officials expecting serious talks may not resume until after the US midterm elections. Bloomberg News White House Correspondent Jeff Mason and Bloomberg News Executive Editor for Canada Derek Decloet are on Bloomberg This Weekend with Christina Ruffini and Bailey Lipschultz to discuss the economic pain on both sides of the border, Canada’s push to diversify its trade and whether Prime Minister Mark Carney’s resistance to President Donald Trump could influence how other US allies respond.
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Canadian officials said Tuesday they would match new tariffs imposed by President Donald Trump “dollar-for-dollar, rate-for-rate.” Canada will double its existing counter-tariffs on US steel and aluminum to 50% and levy new 15% to 50% tariffs on about $20 million worth of American products.
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