BLOOMBERG The US ambassador to Hungary said Prime Minister Viktor Orban has reached a crossroads and that the “time is now” for him to pivot away from Russia and shore up the country’s relations with its western allies. The unusually direct remark for a sitting US ambassador about a Nato partner’s international policy adds to mounting pressure on Orban to …

BLOOMBERG The Kremlin is opening up Vladimir Putin’s schedule around this year’s G-20 summit in India in September to make it possible for the Russian president to participate in the leaders’ gathering after skipping the last two, according to people familiar with the planning. Kremlin defiance is growing as efforts by the US and its allies to isolate Russia over …

BLOOMBERG Panic is spreading across the financial world as concerns about the financial stability of Silicon Valley Bank (SVB) prompt prominent venture capitalists including Peter Thiel’s Founders Fund to advise startups to withdraw their money. The turmoil followed a surprise announcement from Santa Clara, California-based SVB that it was issuing $2.25 billion of shares to bolster its capital position after …