Germany’s Standoff Over Tanks Overshadows Ukraine Arms-Deal Meeting

WSJ What’s News

The Wall Street Journal

Daily News, News

4.1 • 4.2K Ratings

🗓️ 20 January 2023

⏱️ 16 minutes

🔗️ Recording | iTunes | RSS

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Summary

A.M. Edition for Jan. 20. As Western defense officials gather in Germany to showcase a new arms package for Ukraine, an escalating dispute over whether Berlin should allow its allies to give Kyiv German-built battle tanks threatens to overshadow the affair. WSJ bureau chief at large Stephen Fidler explains German Chancellor Olaf Scholz’s position and how the U.S. and its allies are responding. Luke Vargas hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

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0:31.2	Terms apply such three business price promise.
0:34.0	Crypto-lender Genesis Files for bankruptcy.
0:37.3	Plus Google parent Alphabet plans 12,000 job cuts.
0:41.5	And as Ukraine's allies gather, differences remain over sending German made tanks to Kiev.
0:47.3	There's been a significant degree of unity in Europe in the almost 11 months so far of the war.
0:53.3	So it's unusual to see allies arguing effectively out in public in this manner.
0:58.8	It's Friday, January 20th.
1:00.4	I'm Luke Vargas with the Wall Street Journal and here's the AM edition of What's News, the top headlines and business stories moving your world today.
1:14.5	Cryptocurrency lender Genesis and two of its lending subsidiaries filed for bankruptcy protection in New York late on Thursday.
1:22.8	It's becoming the latest domino to fall after the failure of crypto exchange FTX.
1:28.4	Journal markets reporter Caitlin McCabe has more.
1:31.5	Genesis was one of the biggest lenders in the crypto market.
1:35.3	And so it's bankruptcy filing does kind of signify this end of an era in terms of the lending of crypto assets.
1:43.8	Last year when we had low interest rates and a booming bull market for stocks and crypto prices just kept climbing,
1:50.8	Genesis's popularity really swelled because investors were willing to dabble in riskier trading strategies and search of higher yields.
1:59.8	I think the filing just illustrates how much the crypto market has changed and how interconnected all these companies are.
	...

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