March 21, 2022 briefing — Quartz - Quartz

Mar 21, 2022

Here’s what you need to know

Russia set a surrender deadline for Mariupol. Kyiv has until 5am Moscow time Monday (10pm ET Sunday) to respond to the ultimatum, according to Moscow’s defense ministry. The deadline comes after Russian troops reportedly attacked a school sheltering 400 people and allegedly forced evacuations to Russia; Russia denied targeting civilians.

China wants the war in Ukraine to end. But in talks with his US counterpart, president Xi Jinping still didn’t blame Russia for its invasion, and called on NATO to work with Moscow. Joe Biden promised consequences if China aided Russia’s attack.

Japan will invest in India. Prime minister Fumio Kishida earmarked 5 trillion yen ($42 billion) for the country over the next five years. Suzuki Motor alone will put 104.4 billion rupees ($1.4 billion) into its India factory to make electric cars.

Shenzhen ports are backed up. An ongoing covid outbreak has forced factories and warehouses to close in the economic hub, and transportation delays are piling up.

Germany reached a gas deal with Qatar. It’s a significant step for the biggest economy in Europe as it tries to lessen its dependence on Russian fuel.

Nike reports its earnings on Monday. Analysts predict profits will be lower for the apparel maker, dragged down by covid surges in China and uncertainty in Europe.

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What to watch for

On Monday, the US Securities and Exchange Commission is expected to announce whether companies operating in the country will need to disclose their greenhouse gas emissions and the climate risks their businesses face.

The regulations are expected to cover two “scopes” of emissions and possibly a third. The first scope is about emissions from company-owned assets, while the second scope covers emissions from energy purchases. Scope three would cover emissions along a company’s value chain, including suppliers and customers.

The decision would mark a historic step toward holding companies responsible for their climate impacts in the US. There may also be industry-specific requirements that will affect how companies respond.

Hollywood’s latest cog in the machine

Image copyright: MGM

A scene from "No Time To Die"

With the purchase of Metro-Goldwyn-Mayer Studios (MGM), Amazon has instantly been transformed from a still emerging player to a bonafide major cog in the Hollywood engine. But what will Amazon do with its worlds—including those of James Bond and Rocky—of bankable content?

Although Amazon hasn’t had much trouble attracting major stars for its original film and streaming TV division, its new MGM pedigree will likely enhance its profile among Hollywood producers looking to marry profit with prestige when searching for homes for their projects.

Here’s some digits defining the deal:

$8.5 billion: Price Amazon paid for MGM

$13 billion: Total Amazon spent on original content in 2021

177: Oscars MGM has won

7: Actors that have played James Bond

Surprising discoveries

NASA’s giant moon rocket is prepared to launch… When it’ll actually leave Earth remains a question.

…while the European Space Agency suspended a Mars mission with Russia. The ESA is looking for ways to get its robotic rover into space without Roscosmos.

Minnie Mouse tried out lo-fi. Her new album includes a totally chill and rightfully glitchy “A Whole New World.”

No more reservations at a cabin straddling the continental divide in Canada. Thanks to erosion, the historic getaway is about to collapse off its 9,600-foot spot.

A 16th century Danish astronomer used to carry around putty to reattach his brass nose (it fell off a lot) . Thankfully, modern prosthetics have come a long way. Learn about their evolution in the latest episode of the Quartz Obsession podcast.

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