Already suffering from the world’s worst surge in coronavirus deaths, Brazil is now verging on political meltdown. Since late March, six members of President Jair Bolsonaro’s cabinet and the heads of all three armed services have left office, raising fears that Bolsonaro, facing re-election next year, will exploit the crisis to tighten his grip on power. The possible unraveling of ...

In recent years, Wall Street banks have dominated their European counterparts in most areas of global finance. But there’s one hot corner of the capital markets where European firms are staying ahead of their US rivals: the soaring market for green bonds. Overall, Europe’s banks have been laggards, even in their own backyard. In European mergers and acquisitions, for example, ...

Bloomberg President Vladimir Putin warned rival nations not to cross Russia’s “red line” in their actions or face a tough reaction. “Russia’s response will be asymmetric, quick and harsh,” Putin said in his annual state-of-the-nation speech on Wednesday. “They will regret it more than ever before.” Putin didn’t single out any rivals for criticism, saying Russia would decide where its ...