Germany\u2019s chancellor won\u2019t seek re-election in 2021 and is stepping down as party chair next month after electoral setbacks. It may herald a\xa0rightward\xa0swing at home and less EU unity. Plus: investors\u2019 embrace of\xa0Brazil\u2019s\xa0far-right President-elect Jair Bolsonaro\xa0may prove risky. See acast.com/privacy for privacy and opt-out information.