Apr 11, 2019 - World

Russia releases investor Mike Calvey from jail

Dan Primack, author of Pro Rata

Illustration: Lazaro Gamio/Axios

A Russian court today released private equity investor Mike Calvey from jail after a 2-month stay, instead ordering him to serve house arrest until his trial on fraud charges.

Why it matters: Calvey is a U.S. citizen who has argued that criminal charges are inappropriate in what he and his firm, Baring Vostok Capital Partners, believe is a commercial shareholder dispute that should be settled in arbitration. His arrest has become a financial flash-point for the few Western investors who still want to invest in Russia, particularly as some of his colleagues remain jailed.

Go deeper: Michael Calvey's arrest sends a message

Go deeper

Fadel Allassan
5 hours ago - Politics & Policy

Americans reflect on Independence Day amid racism reckoning

A Black Lives Matter banner and a United States flag on the facade of the U.S. embassy building in Seoul, South Korea. Photo: Simon Shin/SOPA Images/LightRocket via Getty Images

America's leaders are rethinking how they view Independence Day, as the country reckons with the historic, unequal treatment of people of color during a pandemic which has disproportionately affected nonwhite Americans.

Why it matters: The country’s legacy of racism has come into sharp focus in the weeks of protests following the death of George Floyd while in Minneapolis police custody. From Confederate statues to Mount Rushmore, Americans are reexamining the symbols and traditions they elevate and the history behind them.

Go deeper (2 min. read)Arrow
Axios
Updated 7 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Global: Total confirmed cases as of 7 p.m. ET: 11,031,905 — Total deaths: 523,777 — Total recoveries — 5,834,337 — Map.
  2. U.S.: Total confirmed cases as of 7 p.m. ET: 2,788,395 — Total deaths: 129,306 — Total recoveries: 790,404 — Total tested: 34,213,497 — Map.
  3. States: ICU beds in Arizona's hot spot reach near capacity.
  4. Public health: The states where face coverings are mandatory — Fauci says it has been a "very disturbing week" for the spread of the coronavirus in the U.S.
  5. Economy: The economy may recover just quickly enough to kill political interest in more stimulus.
Go deeper (<1 min. read)Arrow
Rashaan Ayesh
10 hours ago - Sports

Washington Redskins to review team name amid public pressure

Photo: Patrick McDermott/Getty Images

The Washington Redskins have announced they will be conducting a review of the team's name after mounting pressure from the public and corporate sponsors.

Why it matters: This review is the first formal step the Redskins are taking since the debate surrounding the name first began. It comes after weeks of discussions between the team and the NFL, the team said.

Go deeper (1 min. read)Arrow