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GLOBAL RISK

Hamburg braces for G20 summit, but leaves room for protest Police in Hamburg have clashed with G20 protesters as they tried to dismantle a camp in a city park. Protesters from around Europe are flocking to the city in what is expected to be a tense week of clashes. -DW

Europe’s fixer, Merkel faces test in preparing the continent to confront Trump -The Washington Post

EUROPE RISK

EU's Juncker calls empty European Parliament 'ridiculous' -BBC

Macron pledges to transform politics in address before parliament at Versailles -France24

The Macron Doctrine? French President Emmanuel Macron invited Russian President Vladimir Putin to Paris as his first foreign guest, while US President Donald Trump will attend this year’s Bastille Day celebrations. By reaching out to two world leaders who made no secret of their hope that he would never make it to the Élysée Palace, Macron has set the stage for a new and ambitious French foreign policy. -Project Syndicate

How to Clear the First Brexit Hurdle Britain and the EU don’t need to fall out over treatment of each other’s citizens. -Bloomberg

Italy-Austria tension over border troops at Brenner Pass -BBC

Catalan independence: Plan for quick split from Spain after vote Catalonia's ruling coalition has vowed to declare independence "immediately" if a majority of voters back it in an October referendum. -BBC

RUSSIA RISK

Russia and China tell North Korea, U.S. and South Korea to embrace de-escalation plan The plan would see North Korea suspend its ballistic missile program and the United States and South Korea simultaneously call a moratorium on large-scale missile exercises, both moves aimed at paving the way for multilateral talks. -Reuters

Pressure builds on Trump at home over pledge for closer Moscow ties -Reuters

MIDDLE EAST RISK

Turkey's high-stakes game supporting Qatar As the Saudi-led countries that blockade Qatar get together in Cairo on Wednesday, Turkey's involvement in the standoff is likely to impact on the region as a whole. -DW

March for ‘justice’ by Erdogan opponents in Turkey gains momentum and alarms government -The Washington Post

Raqqa: IS 'capital' wall breached by US-backed Syrian forces -BBC

AFRICA RISK

France Pledges to Bolster African Antiterrorism Force -NYT

Burundi crisis deepens as government militias spread terror -France24

Ignoring International Warrants, Sudan’s Leader Says He’ll Visit Moscow Genocide and war-crimes charges have long shadowed Sudan’s president, sometimes forcing him to scrap or alter travel abroad to avoid the risk of arrest and extradition to the International Criminal Court. Still, Sudan said Monday, he had accepted an invitation to visit Russia next month. -NYT

BUSINESS

EU hits Google with record €2.4bn euro antitrust fine -France24

U.S. government seeks to intervene in Apple's EU tax appeal The U.S. government has sought to intervene in Apple's (AAPL.O) appeal against an EU order to pay back up to 13 billion euros ($14.8 billion) in Irish taxes, a source familiar with the matter -Reuters

EU court blow for Uber in France -Reuters (video)

On London’s Streets, Black Cabs and Uber Fight for a Future London’s cabby wars are less about the disruptive power of an app, or a new business model, than about the disruption of Britain. -NYT

Post-Brexit EU drug regulation deal urged by ministers -BBC

German business group fears trade war with U.S. U.S. President Donald Trump's protectionist approach to trade has the potential to ignite a trade war, the German DIHK Chambers of Commerce warned on Tuesday, adding that German companies were among the biggest job creators in America. -BBC

Mid-East laptop ban slowly being lifted Airlines have said the US-led laptop ban is slowly being lifted because of assurances of heightened airport security. The bans were put in place after 'Islamic State' started secreting bombs inside such devices. -DW

French bank BNP Paribas accused of complicity in Rwandan genocide -France24

Nigeria Taps Microsoft to Oracle to Recover From Recession -Bloomberg

GLOBAL MACRO

EU clears Italy's $6 billion state bailout for Monte dei Paschi -Reuters  

Crude Tumbles After Russia Said to Oppose Deeper Production Cuts -Bloomberg

Defiant Qatar hikes gas output by 30 percent Despite a deepening diplomatic crisis with its neighbors, Qatar says it will increase natural gas production by a third. The announcement is seen as an act of defiance against sanctions by Saudi Arabia and others. -DW