( 3 mins read ) As expected, President Emmanuel Macron has reshuffled his government following the 28 June local elections. The president’s decision to replace the popular Edouard Philippe with the little known center-right politician Jean Castex as prime minister
( 4 mins read ) President Tayyip Erdogan’s renewed threat to severely restrict social media platforms comes amid growing signs that his popular support is in long-term decline, particularly among young voters. Legislation requiring social media companies to establish a
( 3 mins read ) Germany’s presidency of the Council of the EU starts on 1 July. Rather than forcing a complete change to the topics Berlin had planned to prioritize, the pandemic has reframed many of these issues. This
( 7 mins read ) In China, a state-owned pharmaceutical group has reported positive progress on a Covid-19 vaccine. Poland’s incumbentpresident has won the first round of the presidential election. Russia’s constitutional referendum will end this week. Local lockdowns in
( 4 mins read ) Turmoil within the Five Star Movement (M5S) is complicating the government’s path ahead, mainly due to its impact on the strength in parliament of the ruling coalition. A plan for economic recovery and reform is
( 4 mins read ) While this week’s consultations between EU institutions and the Chinese government ended without any communique, the outlook for the big EU-China summit in H2 is still uncertain. Despite the EU’s ‘awakening’ to China’s increasing global
( 3 mins read ) President Emmanuel Macron is expected to reshuffle his government after the second round of the municipal elections taking place this Sunday, 28 June. It is unclear whether he will retain Prime Minister Edouard Philippe, whose
( 3 mins read ) The regional state government of North Rhine-Westphalia (NRW) has put the local district of Guetersloh back on full lockdown today. Schools had already closed again, and as of today, nurseries, cinemas, bars and restaurants, swimming
( 5 mins read ) The relationship between Prime Minister Giuseppe Conte and the coalition parties is set to become increasingly fractious. The main risks for Conte are infighting with the Five Star Movement and his own ego. Regardless of
A 7 point enforcement guidelines on article 43 of #NSL was passed at the 1st national security committee meeting today, allowing HK police on national security cases to:
1) search premises with approval from a police force director instead of a court warrant
La oferta del canje generó optimismo en el mercado. Algunas acciones suben hasta 20% y bonos entre 4 y 5%.
Muy buena propuesta de Canje.
Con niveles de NPV aceptables para los acreedores y acordes a las posibilidades del país.
Muy buen diseño de los incentivos, desalentando el ser holdout.
Una propuesta justa que debiera tener una alta participación.
Para el turno mañana, ya salió un nuevo episodio del podcast semanal "la economía en 3 minutos". La Argentina a contramano en el Mercosur. @prbondnews
Despite her ignominious tenure as defense minister, Inada Tomomi wants to run in the next leadership election -- although admits that it may be difficult to secure the necessary 20 endorsements. https://digital.asahi.com/articles/ASN765H1FN76UTFK00C.html
First Telegram, now WhatsApp: messaging apps say they won’t comply with court ordered requests in #hongkong pending a review following #NationalSecurityLaw . Full WhatsApp statement below: https://www.google.com/amp/s/uk.mobile.reuters.com/article/amp/idUKKBN2471E5
From a friend: Friends in Beijing report that this morning, local time, Professor Xu Zhangrun was formally detained. Some ten police vehicles and dozens of police officers were involved in the operation.
Extremely interesting interview by @CarolineGruyter with Guy Abeille, the inventor of the 3% deficit rule. Many people think that the 3% deficit and 60% debt limits are grounded in German economic orthodoxy. It was in fact a French invention in 1981 (thread) https://twitter.com/CarolineGruyter/status/1280048973122809856
De fameuze 3 procent-regel voor begrotingstekorten “heeft geen enkele economische basis,” zegt de uitvinder ervan, Guy Abeille. “Het is een politiek getal.” https://www.nrc.nl/nieuws/2020/07/06/limiet-van-3-procent-was-een-arbitrair-formuletje-a4005054
Nevertheless, the president enjoys broad public support for his COVID-19 response. In its July survey, @Poliarquia_ found 62% of Argentines approve of the public health measures, though that's down from 84%.
Will be interesting to see if other countries end up emulating China here, or if they will be content to rely on stockpiling and Chinese supply post pandemic.
Seems clear that Chinese supply will be there ...
Great work as usual by @KeithBradsher