Weekend Reads From Balance of Power

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The limits of Saudi Arabia’s modernization campaign, Europe’s migration crisis and Trump’s attempt to appeal to Rust Belt voters ahead of the November midterms were the subjects of some of Bloomberg’s best political enterprise from the past seven days.

Catch up with the stories below, and get up-to-speed on the World Cup as well. 

Ritz-Carlton Crackdown Haunts Crown Prince’s New Saudi Arabia
Vivian NereimMatthew Martin and Glen Carey talked to businessmen, government officials, activists and diplomats about a climate of fear permeating the kingdom.  

Trump and Brexit Turn the EU Into the Sheriff of Global Markets
Brussels is seeking greater influence over the supervision of financial companies, including those based in the U.S. and in the U.K. once Britain leaves the bloc. Silla Brush and Viren Vaghela take a closer look. 

Women Tally Victories for Both Parties in Five Primaries
A dominant theme of the latest round of congressional primaries was the continued emergence of female candidates in both parties. Bloomberg’s data visualization team breaks down the results. 

Malaysia’s First Woman Deputy Premier Seeks Tighter Abuse Laws
Chong Pooi Koon sat down with Wan Azizah Wan Ismail, who said she plans to tighten existing laws protecting children against sexual violence and hold guardians and teachers accountable for ignoring telltale signs of abuse.

Argentina’s $50 Billion Bailout Shows IMF Enduring Under Trump
Andrew Mayeda explores how two pillars of the international economic order, the IMF and the World Bank, have quietly managed to escape Donald Trump’s wrath. At least, so far.

Europe’s Fragile Unity Crumbles as Migration Quarrel Spills Over
Lingering political tensions over the unresolved question of how to control an influx of immigrants from outside Europe have broken out into the open — and the fallout is reshaping alliances and stoking old rivalries from Rome to Berlin, Paris and Vienna, Ian Wishart and Hayley Warren report. 

Trump’s Coal Gambit May Yield Political Points, Not Mining Jobs
The Trump administration’s plan for reviving coal power plants is unlikely to resurrect mining jobs but may boost the president’s support among crucial Rust Belt voters before the midterm elections, Jennifer A. Dlouhy reports. 

Venezuelan Autocrat Maduro Attempts a Public Relations Coup
After winning re-election in a vote derided as a sham, Venezuelan President Nicolas Maduro is embarking on a more difficult task: persuading everyone who labeled him a ruthless autocrat that he’s allowing enough freedom to avoid more punishment or international retribution.  Andrew Rosati has the full story. 

And finally … The World Cup is under way, and Bloomberg’s equities team explores how investors can seek to cash in. Meanwhile, teams from Italy, the Netherlands and the U.S. all failed to qualify for the games, and U.K. officials are boycotting the event in Russia following the poisoning on British soil of former spy Sergei Skripal and his daughter. Click here for a full primer on this year’s competition. 


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