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GLOBAL RISK

Regulating Across the Digital Divide Most rules governing global trade were built to regulate the cross-border distribution of goods and services in traditional industries. But the rapid growth of the digital economy has exposed regulatory shortcomings that, unless addressed, could widen the gap between developed and developing economies. -Project Syndicate

EUROPE RISK

EU: Juncker sees window of opportunity for reform The "wind is back in Europe's sails", European Commission President Jean-Claude Juncker has said in his annual state of the union address. -BBC

In his speech of more than an hour, during which he switched from English to French to German, Mr Juncker said member states "chose unity" and the union was "slowly but surely gathering momentum"

UK offers to maintain defence and security cooperation with EU UK is not trying to blackmail the EU by threatening not to cooperate if it fails to get economic deal it wants, says Michael Fallon -The Guardian

LABOR STRIKES BACK >> Hardliners protest French labor reform after Macron chides 'slackers' Tens of thousands of hard-left trade unionists marched through French cities on Tuesday to protest against President Emmanuel Macron’s labor law reforms -Reuters

UK public sector unions threaten strikes over wage cap The head of the UK's biggest union says strikes in the public sector are "on the cards." The government has stood firm on its pay cap, but rising inflation and political weakness are undercutting its austerity policies. -BBC

Theresa May wins second Brexit battle in parliament MPs back motion to give Tories a majority on parliamentary committees. -Politico.eu

Commentary: Merkel’s moral authority sets direction for Europe -Reuters

ELECTION WATCH >> Is Angela Merkel's huge lead in German pre-election polls accurate? Voter polls in the US and UK got it wrong with Donald Trump and Brexit. So how confident are experts in Germany that the chancellor's lead in public opinion surveys will hold up? DW asked the pollsters themselves -DW

Why some Catalans want to break away from Spain Politicians are cautious ahead of a disputed referendum. That’s not the case out on the streets. -Politico.eu

EU and Poland go head-to-head over logging in ancient forest The Commission says Warsaw is illegally logging in protected Białowieża forest. -Politico.eu

VIDEO OF THE WEEK >> Riding in a Cab with Yanis Varoufakis Despite vastly different histories, cultures, and economies, the UK and Greece have at least one thing in common: both have provoked the ire of Brussels. -PS (video)

RUSSIA RISK

Russia: Moscow does not want to escalate situation around U.S. diplomats – agencies Moscow does not want to escalate the situation around U.S. diplomats in Russia, Russian news agencies cited Russian Deputy Foreign Minister Sergei Ryabkov as saying on Tuesday after talks with U.S. Undersecretary of State Thomas Shannon in Helsinki.  -Reuters

China and Russia Warn the U.S. Not to Seek North Korean Regime Change -Bloomberg

MIDDLE EAST RISK

Turkey signs deal to get Russian S-400 air defence missiles -BBC

Mass Trial Over Turkey’s Coup Plot Becomes an Arena of Emotion When it began in August, the largest mass trial of those accused of masterminding last year’s failed coup in Turkey had all the signs of a show trial. -NYT

Syria war: 'Russian air strikes' kill dozens in Deir al-Zour -BBC

Qatar, neighbors trade barbs at Arab League over boycott Tensions flared after Qatar’s Minister of State for Foreign Affairs Sultan bin Saad al-Muraikhi discussed the boycott in his opening speech despite the Gulf dispute not being on the agenda. -Reuters

AFRICA RISK

Tanzania steps up pressure on mining sector The Tanzanian government is coming down hard on the country’s extractive industries. President John Magufuli wants them to pay higher fees and help build a processing industry for Tanzania’s mineral resources. -DW

France urges Chad to hold elections -France24

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GLOBAL BUSINESS

Google appeals against huge EU anti-trust fine Tech giant Google has lodged an appeal against the 2.4bn euro fine (£2bn / $2.8bn) it was ordered to pay by the European Commission in June. -BBC

Amsterdam to increase tourist tax to reclaim city for residents Officials consider radical tax proposals to squeeze out low-spending visitors and prevent city becoming ‘Venice of the north’ -The Guardian

Murdoch Faces Wide-Ranging U.K. Probe Over Fox’s Bid for Sky -Bloomberg

Under scrutiny, Kaspersky Lab considers changes to U.S. subsidiary Moscow-based cyber security firm Kaspersky Lab said on Tuesday it is considering making changes to its subsidiary that sells products to the U.S. government, at a time when the company is facing allegations that it may be vulnerable to Russian influence. -Reuters

GLOBAL MACRO

Can Macron and Merkel agree on how to fix the eurozone? -The Guardian

The Euro’s Narrow Path With Emmanuel Macron’s victory in the French presidential election, and Angela Merkel’s Christian Democratic Union enjoying a comfortable lead in opinion polls ahead of Germany’s general election on September 24, a window has opened for eurozone reform. -Project Syndicate

Surmounting the German Surplus -Project Syndicate

Austria to issue controversial 100-year bond Austria has been putting out its feelers to see whether there is enough investor appetite for a 100-year bond sale. It's a first for the bloc of eurozone nations, and there has been no shortage of orders. -DW