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   Your Friday Briefing
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   A possible deal on Ukraine’s blocked grain.
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             July 22, 2022
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             By
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              Amelia Nierenberg
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             Writer, Briefings
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             Good morning. We’re covering a possible deal on Ukraine’s blocked grain and an interest rate hike in Europe.
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                 <span class="css-2zlgwg e1aggfhi3" style="margin:0;font:normal 12px georgia,serif;color:#666">
                  Russia’s blockage of Ukraine’s grain exports has been among the gravest international repercussions of Moscow’s invasion.
                 </span>
                 <span style="margin:0;font:normal 11px georgia,serif;padding-left:5px;color:#888;letter-spacing:.01em">
                  Finbarr O’Reilly for The New York Times
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            <h2 style="color:#000;font:700 24px/31px nyt-cheltenham,georgia,serif;margin:0 0 10px">
             Ukraine’s grain: Unblocked?
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             Turkey said that Moscow and Kyiv had
             <a class="css-5nb5nb et1n85g0" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
              reached a deal to unblock Ukrainian grain exports
             </a>
             . The Turkish presidency said the pact would be signed today, but Russia and Ukraine did not confirm they had reached an agreement.
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            <p style="color:#333;font:normal 17px/25px georgia,serif;margin:0 0 15px">
             If signed, a deal would help alleviate a global food shortage. Ukraine is one of the world’s breadbaskets, and more than 20 million tons of grain have been trapped in the country’s Black Sea ports since Russia invaded.
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             <span style="font-weight:700;font-size:inherit">
              Details:
             </span>
             Russia’s de facto blockade of the Black Sea has caused Ukraine’s exports to drop to one-sixth of their prewar level, which has exacerbated famine in Africa and undermined food supply chains already battered by the pandemic.
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             <span style="font-weight:700;font-size:inherit">
              Energy:
             </span>
             Russia
             <a class="css-5nb5nb et1n85g0" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
              restarted its gas shipments to Germany
             </a>
             through the Nord Stream 1 pipeline yesterday. It brought relief, but Moscow may continue to leverage its energy as a cudgel, which could
             <a class="css-5nb5nb et1n85g0" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
              sow division
             </a>
             in the E.U.
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             <span style="font-weight:700;font-size:inherit">
              Fighting:
             </span>
             Citing
             <a class="css-5nb5nb et1n85g0" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
              recent
             </a>
             <a class="css-5nb5nb et1n85g0" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
              successes
             </a>
             , Ukraine is reiterating its longstanding refrain:
             <a class="css-5nb5nb et1n85g0" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
              We can win. Just keep the weapons coming
             </a>
             . The U.S. raised the possibility of
             <a class="css-5nb5nb et1n85g0" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
              training Ukrainian pilots
             </a>
             and giving Kyiv attack planes, and Britain’s spy chief said Russian forces were “
             <a class="css-5nb5nb et1n85g0" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
              running out of steam
             </a>
             .”
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                 <span class="css-2zlgwg e1aggfhi3" style="margin:0;font:normal 12px georgia,serif;color:#666">
                  A market in Paris. Policymakers are trying to slow soaring inflation in the eurozone while avoiding a recession.
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                 <span style="margin:0;font:normal 11px georgia,serif;padding-left:5px;color:#888;letter-spacing:.01em">
                  Dmitry Kostyukov for The New York Times
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            <h2 style="color:#000;font:700 24px/31px nyt-cheltenham,georgia,serif;margin:0 0 10px">
             Europe raises rates amid inflation
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             The European Central Bank
             <a class="css-5nb5nb et1n85g0" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
              raised its three interest rates by half a percentage point
             </a>
             yesterday as inflation ballooned across the continent, war raged in Ukraine and fears of an economic slowdown grew. The increase, the first in over a decade, was twice as large as expected.
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             Consumer prices in the eurozone
             <a class="css-5nb5nb et1n85g0" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
              rose on average 8.6 percent
             </a>
             last month from a year earlier. The last time inflation was this bad in the region, the euro didn’t exist.
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             Officials hope the move will be a powerful tool to help control rapid inflation, and the central bank described it as an effort to “front-load” its rate increases. And in a sign of investor confidence, European stocks
             <a class="css-5nb5nb et1n85g0" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
              ended the day roughly where they started
             </a>
             .
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              Financial context:
             </span>
             Last week, the
             <a class="css-5nb5nb et1n85g0" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
              euro fell to parity with the dollar
             </a>
             for the first time in 20 years. That added to the bloc’s inflationary pressures because the lower currency value increased the cost of imports. Concern is growing that the bloc will enter a recession.
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             <span style="font-weight:700;font-size:inherit">
              Global context:
             </span>
             The increase
             <a class="css-5nb5nb et1n85g0" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
              follows similar measures
             </a>
             taken by the U.S. Federal Reserve and dozens of other central banks this year. The world’s outlook has worsened in recent months, as pandemic-induced disruptions and the war in Ukraine have continued to disrupt supply chains.
            </p>
           </td>
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            <p style="color:#333;font:normal 17px/25px georgia,serif;margin:0 0 15px">
             <span style="font-weight:700;font-size:inherit">
              Resources:
             </span>
             Here are answers to questions you may have about
             <a class="css-5nb5nb et1n85g0" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
              what causes inflation
             </a>
             and how interest rate increases — which make it more expensive to borrow money — can
             <a class="css-5nb5nb et1n85g0" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
              help fight it
             </a>
             .
            </p>
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                <img class="css-17i7zb3 e1aggfhi0" src="https://inboxflows.com/_/image/https%253A%252F%252Fstatic01.nyt.com%252Fimages%252F2022%252F07%252F17%252Fworld%252F22ambriefing-Europe-Covid01-copy%252Fmerlin_209407074_25e11c79-3ce1-434b-88a1-8774b2f9c1ed-articleLarge.jpg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZzdGF0aWMwMS5ueSJ9:1oEknT:cJ75iipvY3UrQAdgOORqS1JF7pYbaMTOGTlKMAWkhow" style="width:83%;max-width:500px;display:inline-block;height:auto;padding-top:15px;padding-bottom:0;line-height:0"/>
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                 <span class="css-2zlgwg e1aggfhi3" style="margin:0;font:normal 12px georgia,serif;color:#666">
                  Tourists crowding the Trevi Fountain in Rome, though coronavirus cases in Italy have risen steadily since mid-June.
                 </span>
                 <span style="margin:0;font:normal 11px georgia,serif;padding-left:5px;color:#888;letter-spacing:.01em">
                  Fabio Frustaci/EPA, via Shutterstock
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            <h2 style="color:#000;font:700 24px/31px nyt-cheltenham,georgia,serif;margin:0 0 10px">
             Europe shrugs at rising Covid cases
            </h2>
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             Covid cases are spiking in Europe,
             <a class="css-5nb5nb et1n85g0" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
              but governments are not jumping to put new restrictions
             </a>
             in place, even in countries that once took some of the strictest measures.
            </p>
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            <p style="color:#333;font:normal 17px/25px georgia,serif;margin:0 0 15px">
             In part, that’s because deaths are not rising significantly. Severe cases aren’t, either, and intensive care units are not brimming with Covid patients. Instead, the authorities appear to be relying on high vaccination rates, expanded booster access and past infections to dull the effect of Omicron subvariants, though some experts still worry about vulnerable people.
            </p>
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            <p style="color:#333;font:normal 17px/25px georgia,serif;margin:0 0 15px">
             Europeans also appear to have decided to live with the virus. People are traveling again, entering restaurants without masks and sitting in metro seats once left open for social distancing.
            </p>
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            <p style="color:#333;font:normal 17px/25px georgia,serif;margin:0 0 15px">
             “These are things from the past,” one woman in a Roman bookstore said of floor stickers urging customers to maintain “a distance of at least 1 meter.” She described the red signs, with their crossed-out spiky coronavirus spheres, as artifacts, “like bricks of the Berlin Wall.”
            </p>
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            <p style="color:#333;font:normal 17px/25px georgia,serif;margin:0 0 15px">
             <span style="font-weight:700;font-size:inherit">
              The U.S.:
             </span>
             President Biden
             <a class="css-5nb5nb et1n85g0" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
              tested positive for Covid
             </a>
             yesterday. The White House said he was “experiencing very mild symptoms.”
            </p>
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            <p style="color:#333;font:normal 17px/25px georgia,serif;margin:0 0 15px">
             <span style="font-weight:700;font-size:inherit">
              Australia:
             </span>
             The country’s Covid hospitalizations are nearing a high, but the authorities
             <a class="css-5nb5nb et1n85g0" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
              have refrained
             </a>
             from bringing back restrictions.
            </p>
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            Europe
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                <img class="css-1ag4mtp e1aggfhi0" src="https://inboxflows.com/_/image/https%253A%252F%252Fstatic01.nyt.com%252Fimages%252F2022%252F07%252F22%252Flens%252F22ambriefing-europe--italy-2%252F22ambriefing-europe--italy-2-articleLarge.jpg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZzdGF0aWMwMS5ueSJ9:1oEknT:cJ75iipvY3UrQAdgOORqS1JF7pYbaMTOGTlKMAWkhow" style="width:83%;max-width:500px;display:inline-block;height:auto;padding-top:0;padding-bottom:0;line-height:0"/>
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                 <span style="margin:0;font:normal 11px georgia,serif;padding-left:0;color:#888;letter-spacing:.01em">
                  Italian Presidential Palace, via Reuters
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             <li class="css-11scvta e1y8brq21" style="line-height:27.5px;margin:0 0 10px 0">
              <span style="font-size:17px;line-height:25px;vertical-align:middle">
               Mario Draghi resigned as
               <a class="css-5nb5nb et1n85g0" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
                Italy’s prime minister
               </a>
               yesterday. The president accepted his resignation, dissolved Parliament and called for new elections this fall.
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               Belgium ratified
               <a class="css-5nb5nb et1n85g0" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
                a much-criticized treaty
               </a>
               that would allow for prisoner exchanges with Iran.
              </span>
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              <span style="font-size:17px;line-height:25px;vertical-align:middle">
               Investigators in New York
               <a class="css-5nb5nb et1n85g0" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
                returned 142 stolen artifacts
               </a>
               , valued about $14 million, to Italian officials this week.
              </span>
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              <span style="font-size:17px;line-height:25px;vertical-align:middle">
               Seven trees memorializing Holocaust victims who died at Buchenwald were
               <a class="css-5nb5nb et1n85g0" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
                chopped down
               </a>
               in what was described as an act of vandalism.
              </span>
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             <li class="css-11scvta e1y8brq21" style="line-height:27.5px;margin:0 0 10px 0">
              <span style="font-size:17px;line-height:25px;vertical-align:middle">
               The BBC
               <a class="css-5nb5nb et1n85g0" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
                apologized and agreed to pay damages
               </a>
               to a former nanny to the children of Princess Diana for falsely suggesting she had been involved with Prince Charles.
              </span>
             </li>
            </ul>
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            World News
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              <span style="font-size:17px;line-height:25px;vertical-align:middle">
               On Jan. 6, Donald Trump ignored pleas to call off the mob and refused to say the election was over even a day after the attack. Here are
               <a class="css-5nb5nb et1n85g0" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
                other takeaways from the latest hearing
               </a>
               in the U.S. House on the Capitol riot.
              </span>
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              <span style="font-size:17px;line-height:25px;vertical-align:middle">
               Turkish strikes
               <a class="css-5nb5nb et1n85g0" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
                killed at least eight people at a resort
               </a>
               in a semiautonomous Kurdish region in northern Iraq yesterday. Turkey regularly targets militants who take refuge there.
              </span>
             </li>
             <li class="css-11scvta e1y8brq21" style="line-height:27.5px;margin:0 0 10px 0">
              <span style="font-size:17px;line-height:25px;vertical-align:middle">
               China
               <a class="css-5nb5nb et1n85g0" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
                fined the ride-hailing giant Didi
               </a>
               $1.2 billion for data breaches, part of an ongoing effort to rein in the country’s high-flying internet sector.
              </span>
             </li>
             <li class="css-11scvta e1y8brq21" style="line-height:27.5px;margin:0 0 10px 0">
              <span style="font-size:17px;line-height:25px;vertical-align:middle">
               The Taliban forced a journalist to
               <a class="css-5nb5nb et1n85g0" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
                publicly retract some accurate articles
               </a>
               , threatening to send her to jail if she did not comply.
              </span>
             </li>
            </ul>
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            What Else Is Happening
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                <img class="css-1ag4mtp e1aggfhi0" src="https://inboxflows.com/_/image/https%253A%252F%252Fstatic01.nyt.com%252Fimages%252F2022%252F07%252F22%252Flens%252F22ambriefing-europe-an-an-panda-dead%252F22ambriefing-europe-an-an-panda-dead-articleLarge.jpg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZzdGF0aWMwMS5ueSJ9:1oEknT:cJ75iipvY3UrQAdgOORqS1JF7pYbaMTOGTlKMAWkhow" style="width:83%;max-width:500px;display:inline-block;height:auto;padding-top:0;padding-bottom:0;line-height:0"/>
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                 <span class="css-2zlgwg e1aggfhi3" style="margin:0;font:normal 12px georgia,serif;color:#666">
                 </span>
                 <span style="margin:0;font:normal 11px georgia,serif;padding-left:0;color:#888;letter-spacing:.01em">
                  Kin Cheung/Associated Press
                 </span>
                </span>
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           <td style="padding:0 0 5px">
            <ul class="css-vhya8o e1darl2c0" style="color:#333;font:10px georgia,serif;text-align:left;padding-left:50px">
             <li class="css-11scvta e1y8brq21" style="line-height:27.5px;margin:0 0 10px 0">
              <span style="font-size:17px;line-height:25px;vertical-align:middle">
               An An, the world’s oldest giant male panda in captivity,
               <a class="css-5nb5nb et1n85g0" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
                died in Hong Kong at 35
               </a>
               .
              </span>
             </li>
             <li class="css-11scvta e1y8brq21" style="line-height:27.5px;margin:0 0 10px 0">
              <span style="font-size:17px;line-height:25px;vertical-align:middle">
               Droupadi Murmu, who was elected as India’s next president, will be
               <a class="css-5nb5nb et1n85g0" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
                the first Indigenous person
               </a>
               to hold the largely ceremonial position.
              </span>
             </li>
             <li class="css-11scvta e1y8brq21" style="line-height:27.5px;margin:0 0 10px 0">
              <span style="font-size:17px;line-height:25px;vertical-align:middle">
               Monarch butterflies are
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               , the leading wildlife monitor said, citing climate change and habitat loss.
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             ,” an ornithologist said. It is poised to get even more so, a study reported: The current biodiversity crisis means that the most distinctive birds will go extinct first.
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            <h2 style="color:#000;font:700 24px/31px nyt-cheltenham,georgia,serif;margin:0 0 10px">
             The difficulty of adapting Austen
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            <p style="color:#333;font:normal 17px/25px georgia,serif;margin:0 0 15px">
             The best Jane Austen adaptations are true to the novel’s plot and confident in their own worlds. A version of “Persuasion” on Netflix is neither,
             <a class="css-5nb5nb et1n85g0" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
              Sarah Lyall writes
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             .
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             The problem isn’t that the film takes liberties, she writes. Many Austen iterations do:
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              “Fire Island”
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             sets “Pride and Prejudice” in a present-day vacation home with a group of gay men looking for love. But the new “Persuasion” diverges from the novel’s careful pace, allowing characters to reveal their feelings early on. And it mixes its 19th-century setting with modern phrases (“If you’re a five in London, you’re a 10 in Bath,” one character says).
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             In an interview, the film’s director, Carrie Cracknell — a drama wunderkind who was the co-leader of a major London theater before she was 30 —
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              defended her choices
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             : “One of the big hopes I had for the film was to draw in a new audience to Austen, and to make them feel that they really recognize the people onscreen.”
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             PLAY, WATCH, EAT, READ
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             Customize
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              these caramelized-scallion noodles
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             with any toppings you choose.
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            What to Read
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             Check out these
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              13 new books,
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             selected by our staff critics and Book Review editors.
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            What to Watch
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             “
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              A Dark, Dark Man
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             ” is an exceptionally grim police procedural set in Kazakhstan.
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            Now Time to Play
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             Here’s
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              today’s Mini Crossword
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             , and a clue: “Swine” (four letters).
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             And here’s
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              today’s Wordle
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             and
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              the Spelling Bee
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             .
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              You can find all our puzzles here
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              That’s it for today’s briefing. Thanks for joining me. — Amelia
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             The latest episode of “
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              The Daily
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             ” is on the possibility of criminal charges against Donald Trump.
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              You can reach Amelia and the team at
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