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March 20, 2023: China meets Russia, Stocks down on Credit Suisse, Trump, Macron, Israel

Reuters, 20 Mar 2023
Five stories to know today: China’s president arrives in Russia, Banking stocks tank after UBS takeover of Credit Suisse, Trump calls for protests ahead of potential indictment, Macron faces no confidence votes, Netanyahu softens on judicial reform

1. Chinese President Xi Jinping arrives in Moscow. He's expected to press Beijing's role as a potential peacemaker in the Ukraine war while Russian President Vladimir Putin hopes for support against Western pressure.

2. Banking stocks and bonds fell sharply on Monday after UBS Group's state-backed takeover of Credit Suisse.
 
3. Former U.S. President Donald Trump said he expects to be arrested on Tuesday as New York prosecutors consider charges over a hush money payment to a porn star, and called on his supporters to protest.

4. French President Emmanuel Macron's government faces two motions of no confidence after it bypassed the lower house to push through a deeply unpopular overhaul of the pension system.
 
5. Israel’s Prime Minister Benjamin Netanyahu announced a softening of his government's judicial overhaul plan in an apparent bid to calm more than two months of nationwide protests.

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