| |  |  | The Reuters Daily Briefing | Wednesday, April 20, 2022 by Linda Noakes | Hello Here's what you need to know. Delegate protests over Russia will upstage the G20 meeting, Macron's polling lead over Le Pen widens, and Netflix is rocked by a loss of subscribers | | | | | Today's biggest stories BUSINESS Netflix said inflation, the war in Ukraine and fierce competition contributed to a loss of subscribers for the first time in more than a decade and predicted deeper losses ahead, marking an abrupt shift in fortune for a streaming company that thrived during the pandemic.
Credit Suisse Group expects to report a first-quarter loss after increasing legal provisions, seeing business activity slow and taking a hit from the fallout of Russia's invasion of Ukraine. The bank is still reeling from billions in losses racked up in 2021.
A hawkish turn by the Federal Reserve is eroding a key support for U.S. stocks, as real yields climb into positive territory for the first time in two years. Yields on the 10-year Treasury Inflation-Protected Securities had been in negative territory since March 2020, when the Federal Reserve slashed interest rates to near zero. That changed yesterday, when they ticked above zero.
The yen has tumbled 10% to a two-decade low to the dollar in a matter of weeks. But history suggests that still isn't cheap, and investors are betting that it's going to fall even further.
Home owners in small Chinese cities are battling a rare property market downdraft as buyers keep away, eroding the wealth of millions in a blow to already brittle consumer confidence in the world's second-largest economy. Smaller cities have been hammered by falling home prices for seven months.
|  A woman walks past official campaign posters of French presidential election candidates Emmanuel Macron and Marine le Pen in Paris, April 19, 2022. REUTERS/Gonzalo Fuentes
WORLD
French President Emmanuel Macron and far-right challenger Marine Le Pen will face off today in a debate which could be decisive in the tight race to decide who will run the country for the next five years. Macron has a more than 90% chance of winning Sunday's runoff vote, the odds offered by UK political bookmakers showed - but high odds in favor of a political event are no guarantee of the outcome.
China's commercial capital of Shanghai reported no new COVID-19 infections outside quarantine areas in two districts, fanning hopes that the tide is turning in its pandemic battle, as some factories began to return to work.
YouTube blocked the account of Hong Kong's sole leadership candidate John Lee as part of U.S. sanctions against the city's former No. 2 official who said the move will not affect his bid to lead the financial hub for the next five years.
The Philippines' poll body cleared a major legal hurdle in frontrunner Ferdinand Marcos Jr.'s path to the presidency when it dismissed the final petition calling for his disqualification from the May 9 election.
India's Supreme Court stepped in to stop authorities from demolishing illegal shops and walls around a mosque in a predominantly Muslim area of New Delhi near the site of clashes between Hindus and Muslims over the weekend.
Denmark is in talks with Rwanda about setting up a new procedure for transferring asylum seekers to the east African nation, mirroring a similar move by Britain announced just last week. Denmark has gained notoriety in the last decade for its increasingly harsh immigration policies.
U.S.
President Joe Biden's administration said it would appeal a judge's ruling ending a mask mandate on airplanes if public health officials deem it necessary to stem the spread of COVID-19. Here's where you still need to wear a mask in the United States.
The U.S. Department of Education has canceled student loan debt for 40,000 people and offered credits to help another 3.6 million pay off their loans under a plan designed to aid low-income borrowers and public servants.
A Black man who was killed by a Grand Rapids, Michigan, police officer during a traffic stop earlier this month, sparking protests in the city, was shot in the back of the head, a forensic pathologist who performed an independent autopsy said.
Columbia University will add historical markers to four residence halls to acknowledge legacies of slavery and racism and to commemorate African American students, a university professor said. The markers are part of a university-wide project initiated after the murder of George Floyd in May 2020.
Actor Johnny Depp is expected to return to the witness stand today in a $50 million defamation case he said he brought to expose the truth about his relationship with ex-wife and actress Amber Heard, who has accused him of abuse.
| | | | | | | | | | | Video of the day  A Russian tank graveyard near Kyiv Drone footage shows destroyed Russian tanks and armored vehicles in a junkyard in Ukraine's Bucha. | | | Thanks for spending part of your day with us. | | | | | |
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