HOTTEST
Stocks in Japan tumbled nearly 4 percent as investors braced for a week of market turmoil caused by an expected announcement of more tariffs.Stocks in Asia tumbled Monday as investors braced for a week of market tumult caused by an expected announcement of more tariffs by President Trump on America’s biggest trading partners.Japan’s Nikkei 225 index fell nearly 4 percent in early trading. Stocks in South Korea and Taiwan were down more than 2 percent.Stocks in Hong Kong and mainland China were mostly unchanged, bolstered by a report signaling that China’s export-led industrial sector continues to expand despite Mr. Trump’s initial tariffs.Futures on the S&P 500, which allow investors to trade the benchmark index before exchanges reopen in New York in the morning, slumped 0.5 percent on Sunday evening. On Friday, the S&P 500 dropped 2 percent on concerns about inflation and weak consumer sentiment.Since taking office a little over two months ago, Mr. Trump has kept investors and companies guessing with his haphazard rollout of what he calls an “America First” trade policy.In some cases, Mr. Trump has imposed tariffs to make imports more expensive in industries like automobiles, arguing that the trade barriers will spur investment and innovation in the United States. He has also used tariffs, and their threat, to try to extract geopolitical concessions from countries. He has further unnerved investors by saying he does not care about the fallout of his actions on markets or American consumers, who will have to pay more for many goods if import prices rise.Over the weekend, Mr. Trump ramped up the pressure, threatening so-called secondary sanctions on Russia if it does not engage in talks to bring about a cessation of fighting in Ukraine. The tactic echoes similar sanctions concerning Venezuela. He said last week that any country buying Venezuelan oil could face another 25 percent tariff on its imports to the United States. The threats over the weekend add to tariffs of 25 percent on imported cars and some car parts set to be implemented this week, barring any last minute reprieve. That’s in addition to previously delayed tariffs on Mexico and Canada, as well as the potential for further retaliatory tariffs on other countries.Adding to investors’ angst is the scheduled release on Friday of the monthly report on the health of the U.S. jobs market. It could provide another reading of how the Trump administration’s policy pursuits are weighing on the economy.Keith Bradsher More
Also, Pakistan’s military fired three top commanders.President Vladimir Putin during a televised speech yesterday. Sergei Ilnitsky/EPA, via ShutterstockPutin addressed the revoltPresident Vladimir Putin addressed the rebellion over the weekend by the Wagner mercenary group, led by Yevgeny Prigozhin, in a short televised speech yesterday. In his first public comments since Saturday, Putin tried to project unity and stability as questions swirled about the strength of his grip on power.Putin appeared visibly angry as he denounced the rebellion as “blackmail” and claimed that “the entire Russian society united and rallied everyone.” He did not mention Prigozhin by name.“They wanted Russians to fight each other,” he said. “They rubbed their hands, dreaming of taking revenge for their failures at the front and during the so-called counteroffensive.”Earlier in the day, Prigozhin also spoke publicly for the first time since Saturday. He said that he wasn’t seeking to oust Putin and denied that he had any intention of seizing power. He said that he was only protesting the new law that he said would have effectively halted Wagner’s operations in Ukraine.“We went to demonstrate our protest, and not to overthrow the government in the country,” Prigozhin said. Now, the future of the Wagner group remains unclear and Prigozhin could still face charges.Analysis: The short-lived rebellion — the most dramatic challenge to Putin’s authority in his 23-year reign — could undermine his power in the long-term.The war: Ukraine’s leaders are hoping to capitalize on the chaos in Russia to make gains on the front lines. The counteroffensive is off to a halting start, but leaders are urging patience and say the main push is yet to come.Imran Khan has accused the military of orchestrating his removal, an allegation that officials deny.K.M. Chaudary/Associated PressA crackdown in Pakistan’s militaryPakistan’s military fired three senior army commanders and disciplined 15 top officers over their conduct during recent protests that supported Imran Khan, the former prime minister. Analysts said it was the strongest action the military has taken against its own in decades.The crackdown sent a message that support for Khan would not be tolerated in the ranks. The punishments also underscored that the military would use an increasingly strong hand to quash support for Khan, who was ousted from power last year but has made a comeback in the months since.Details: Violent demonstrations erupted last month after Khan was briefly arrested on corruption charges, accusations that he denied. A military spokesman said that the members of the military who had been disciplined had failed to secure military installations against attacks by protesters.Arrests: Since the protests, at least 5,000 of Khan’s supporters have been arrested. A military spokesman said at least 102 will be tried in military courts, which has drawn widespread criticism from human rights groups.Inflation in Suriname is near 60 percent, and people are protesting.Adriana Loureiro Fernandez for The New York TimesU.S.-China relations complicate lendingMiddle- and lower-income countries are grappling with untenable debts after years of low interest rates encouraged borrowing. The rivalry between China and the U.S. is now complicating their ability to get relief on time.For decades, the I.M.F. has regularly prescribed austerity as a condition for financial aid. But in recent years, China has emerged as a major lender for developing countries across the world, and its loans are accompanied by fewer demands.Now, the I.M.F. and the U.S., its most influential participant, have balked at providing some relief to debt-stressed countries until Chinese financial institutions participate. Otherwise, they say, Chinese lenders are free-riding on debt forgiveness extended by others. But as Beijing grows increasingly assertive, it has refused to bow to the West.As a result, countries such as Ghana, Ethiopia and Pakistan — each facing escalating debts, much of it to state-owned Chinese lenders — are caught in the crossfire.Case in point: Suriname was offered low-interest loans from the I.M.F., but the agency was adamant that Chinese creditors restructure $545 million in debt — loans Suriname had used to build roads and housing. The impasse delayed relief as inflation soared and children went hungry.THE LATEST NEWSAround the WorldKyriakos Mitsotakis has pledged to keep the country on the road of economic and political stability.Louisa Gouliamaki/Agence France-Presse — Getty ImagesKyriakos Mitsotakis, the leader of a conservative Greek party, was sworn in for a second term after a landslide victory. It’s another win for the right in Europe.An anticorruption candidate stunned Guatemala’s establishment by advancing to a runoff in the presidential race against a former first lady.Sierra Leone’s main opposition party accused the military of attacking their headquarters after weekend elections.A study found that loan officers in Uganda were more likely to offer credit to heavier-looking people. In a place where food can be scarce, obesity can signal financial security.U.S. NewsClimate change is intensifying flood risks in some of the country’s most populous areas.A shortage of cancer drugs is forcing doctors to give priority to patients who have the best chance of survival.Yasufumi Nakamori, a senior curator at the Tate Modern in London, will become director of the Asia Society in New York.A Morning ReadJes Aznar for The New York TimesIn the Philippines, an annual rodeo on the island province of Masbate is both a competition and a celebration of the country’s unique cowboy culture, with roots in the Spanish and American colonial eras.“Where there’s cattle, there’s rodeo,” said a livestock farmer who directs the festival’s rodeo events. “It is not necessarily American.”ARTS AND IDEASTony Cenicola/The New York TimesInside Barbie’s dream houseIn 1962, American women were denied mortgage applications because of their sex or marital status. But that year, Barbie bought her first home. It had a record player and a television set, but no kitchen. She was there to have fun, not to be a housewife.In the years since, Barbie’s Dreamhouse has been a mirror for social, political and economic changes across the U.S. It responded to the sexual revolution, to the environmental movement and even to pandemic remote work.Throughout that time, Barbie’s house has given little girls a subliminal, maybe even subversive, blueprint for economic liberation. Notably, the Dreamhouse was all her own — Ken wasn’t on the deed.Barbiecore: Hot pink and magenta are surging in popularity in home décor. The forthcoming “Barbie” movie is serving as a catalyst.PLAY, WATCH, EATWhat to CookDavid Malosh for The New York Times. Food Stylist: Simon Andrews.This shish kebab is marinated in spiced yogurt.What to ReadThe novel “Banyan Moon” traces a family from 1960s Vietnam to present-day Florida.What to Listen toHere are nine new songs from our playlist.Now Time to PlayPlay the Mini Crossword, and a clue: Bit of fire (five letters).Here are the Wordle and the Spelling Bee. You can find all our puzzles here.That’s it for today’s briefing. See you tomorrow. — AmeliaP.S. Take our photo-based geography quiz.“The Daily” is about the rebellion in Russia.You can reach us at briefing@nytimes.com. More
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The assailants had taken two guards hostage and were killed, the prison service said.Russian special forces have quashed a short-lived mutiny at a provincial detention center on Sunday, killing detainees, some charged with terrorism, who had broken out of their cells earlier in the day, according to Russian state media.Six detainees who awaited court appearances at a pretrial detention center in the southern city of Rostov-on-Don had managed to take control of the facility, state media reported. Armed with knives, the suspects took two guards hostage, the reports said.A video posted on Rostov’s local news channels and reposted by some Russian officials appeared to show a man identified as one of the detainees brandishing a knife and demanding a car to leave the detention center for an unspecified destination. A detainee is seen in the video holding a black flag associated with the Islamic State. The video could not immediately be verified.Security agents had surrounded the detention center by Sunday morning. Soon after, Russian state media published a short statement from the country’s prison service saying that security agents had stormed the facility, “liquidated” the mutinied detainees and freed the hostages unharmed.The Rostov governor and senior federal officials have yet to comment on the episode.The Rostov mutiny comes less than three months after assailants staged the deadliest terrorist attack in Russia in more than a decade at a concert hall near Moscow. The attack, which killed nearly 150 people, took place despite U.S. intelligence services providing a detailed warning to their Russian counterparts of the impending plot.The Islamic State took responsibility for the concert hall attack. President Vladimir V. Putin, however, has blamed it on Ukraine and Western intelligence services, without providing evidence.Mr. Putin’s critics said those accusations were an attempt to deflect his government’s failure to deal with the threat of Islamist terrorism as their attention shifted to the war in Ukraine.Sunday’s attack could renew the public discussion of that threat, which is fueled by the Kremlin’s suppression of separatist Muslims inside Russia and Mr. Putin’s support for the Islamic State’s enemies in Syria.At least one Russian official publicly questioned how the Rostov detainees managed to break out of their cells and overpower the guards.“They clearly were planning this for a while,” Andrei Medvedev, a Russian propagandist and regional lawmaker in Moscow, wrote on the Telegram messaging app on Sunday. “Where is the protocol for dealing with especially dangerous detainees?”Hwaida Saad More
This article is part of Overlooked, a series of obituaries about remarkable people whose deaths, beginning in 1851, went unreported in The Times.In 1849, Mary Ann Schuyler, a wealthy New Yorker, was reminded fondly of her longtime hairdresser, Pierre Toussaint, while visiting a Roman Catholic chapel in Europe. “Send my love to him,” she wrote to her sister, Hannah Farnham Sawyer Lee. “Tell him I think of him very often and never go to one of the churches of his faith without remembering my own St. Pierre.”By then, Toussaint, 68, had built a reputation as “the Vidal Sassoon of his day,” as Daniel W. Bristol Jr. wrote in “Knights of the Razor: Black Barbers in Slavery and Freedom” (2015): He had mastered the in-vogue hairstyles of the French — powdered hair, or false hair added on — as well as the newly-fashionable chignons and face-framing curls favored by the Americans.A portrait of Mary Ann Schuyler, who was one of Toussaint’s hairdressing clients. She wrote that she enjoyed their conversations as a “daily recreation.”Throughout his life, he was dedicated to the church and to others — donating to charities, helping to finance the original St. Patrick’s Cathedral in Manhattan and risking his life during epidemics to tend to the ill.In 1997, more than a hundred years after his death, Pope John Paul II proclaimed Toussaint “venerable,” the first step on the road to sainthood. Some disagreed with the move, however, because they felt Toussaint did not resist his enslavement either in Haiti or New York and was therefore a poor candidate for sainthood.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More
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