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GEOPOLITICAL RISK + GLOBAL MARKETS

WHAT YOU NEED TO KNOW

GLOBAL RISK

What Mayors Are Worried About From Paris to Cape Town Five city leaders on refugees, green taxis, and other pressing concerns of the millions they serve. -Bloomberg

Controlling Cyber Conflict Are cyber-attacks the wave of the future, or can norms be developed to control international cyber conflict? -Project Syndicate

How Mobile Phones Are Changing the Developing World Technology has the potential to lift people out of poverty. All signs point to the developing world skipping past the eras of landlines and desktop computers and going straight to mobile.

EUROPE RISK

French parliament adopts Macron's labor reform shakeup The French Senate has approved President Emmanuel Macron's push to reform the labor code by decree. Loosening workplace law was one of the central planks of his recent election campaign. -DW

Entente still cordiale for French in UK A special report by the Office for National Statistics has found there were an estimated 148,800 British citizens living in France in 2016. -BBC

Italy sees unexpected reduction in Mediterranean migration flows Latest figures show sharp reduction in those crossing from Libya to Europe. -Politico.eu

Scottish Parliament Accuses Westminster of Brexit 'Power Grab' Scottish government ministers are set to tell their U.K. counterparts that the Scottish Parliament’s power must be protected to avoid undermining the foundations of devolution following Brexit. -Bloomberg

UK drifts closer to a Norway-style Brexit transition Membership of the European Economic Area is starting to look like the only feasible off-the-shelf transitional deal -Politico.eu

RUSSIA RISK

How Putin Could Strike Back New sanctions may give the Russian president more reason than ever to test NATO’s unity. -HuffPost

NATO criticizes Putin visit to disputed Georgia territory Russian president visits Abkhazia on anniversary of brief war over the territory. -Politico.eu

Why Shirtless Putin Is Having the Last Laugh He wants to be seen as a strong man unconcerned by sanctions. Western media laps it up. -Bloomberg

MIDDLE EAST RISK

Nearly 500 stand trial in Turkey over failed coup Nearly 500 suspects, including a number of generals and military pilots, went on trial in Turkey Tuesday accused of leading last year's failed coup attempt and carrying out attacks from an air base in Ankara. -France24 (video)

One year after failed coup, Turkey lurches toward dictatorship -Reuters

Rouhani 2.0 vs. the Hawks in Washington and Tehran The inauguration of Hassan Rouhani on Saturday as president of Iran for a second term may be a bittersweet moment for him. -NYT

He appears at once stronger and weaker

Do Americans actually care about the Qatar crisis? A new poll presents a mixed picture. The data, compiled by the polling firm YouGov for the newspaper Arab News, suggested that just 27 percent of Americans considered Qatar a friend or an ally to the United States, while 31 percent suggested that it was unfriendly or an enemy. -The Washington Post

AFRICA RISK

South Africa's President Zuma survives no-confidence vote -France24

Kenyatta takes the lead in Kenya's divisive election as Odinga rejects results Incumbent President Uhuru Kenyatta has taken a significant lead in Kenya's tense elections, according to early results. -DW

Rwanda's President Thinks He's Indispensable Maybe he is. That doesn't bode well for his people or the progress his country has made. -Bloomberg

EMEA || GLOBAL MARKETS IMPACT + OPPORTUNITY

GLOBAL BUSINESS

U.K. Proposes Law Letting Citizens Erase Personal Data on Web -Bloomberg

Firms face £17m fine if they fail to protect against hackers Firms could face fines of up to £17m or 4% of global turnover if they fail to protect themselves from cyber-attacks, the government has warned. -BBC

UK government asks watchdog to look into Fox's bid for Sky Britain's department of culture said on Tuesday it had written to media watchdog Ofcom for more information on its views on Twenty-First Century Fox's (FOXA.O) bid for Sky Plc (SKYB.L). -Reuters

Macron Wins the Hearts of France's Business Leaders Emmanuel Macron has won the hearts of France’s business leaders, who are counting on him to push through radical reforms to sustain an economic recovery that’s been a long time coming. -Bloomberg

Putin's Aide Seeks $100 Million to Rival China in Bitcoin Mining -Bloomberg

GLOBAL MACRO

Trade growth faltering in Germany and China Two of the world's biggest trading nations saw both exports and imports cooling lately. German exporters even suffered a surprise decline. -DW

S&P affirms Kuwait rating, outlook stable -Tribune

Oil falls for third day as doubts over OPEC cuts linger Crude futures fell for a third day in early Asian trading as the market shrugged off a bigger than expected fall in U.S. inventories reported by an industry group as doubts linger over OPEC's ability to restrain supply as promised. -Reuters