GEOPOLITICAL RISK + GLOBAL MARKETS

EMEA | GEOPOLITICAL RISK

Pressure on EU's southern borders from African migrants seen persisting in 2018 -Reuters

EU prepares response to possible US tariffs The European Commission is mulling concrete counter-measures, should the United States impose high tariffs on steel and aluminum imports. Brussels has no intention to just sit still. -DW

POLITICAL CULTURE MATTERS Germany’s political identity crisis The next four years in Germany will be anything but boring. A tectonic shift is taking place in Germany that will either revitalize or paralyze its usually staid political culture. -Politico.eu

German army problems 'dramatically bad', report says -BBC

STAGE RIGHT Marion Maréchal-Le Pen to share stage with US conservatives Niece of far-right Front National leader Marine Le Pen to address conference after vice-president Mike Pence on Thursday -The Guardian

Italy’s Northern League Is Suddenly In Love With the South -Bloomberg

Russia admits dozens of Russian casualties in Syria battle Russia's foreign ministry has confirmed that "several dozen" Russian citizens - not regular soldiers - were killed or wounded in a recent battle in Syria. -BBC

Syria pro-government forces enter Afrin to aid Kurds against Turkey The confrontation pits the Turkish army and allied Syrian rebel groups directly against the military alliance backing the government of President Bashar al-Assad, further scrambling northwest Syria’s already messy battlefield. -Reuters

Zuma's fall a chance to take moral leadership in Africa -BBC

EMEA | MARKETS - IMPACT+OPPORTUNITY

GLOBAL BUSINESS

Why Europe's Google Rulings Don't Benefit Consumers Consumers and small businesses aren't getting much from Europe's antitrust activism because it's not really their fight. -BloombergView

Oracle and Naspers’ stealth lobbying fight against Google Two companies’ exclusive control of FairSearch raises questions about transparency of EU lobbying. -Politico.eu

Facebook’s tracking of non-users ruled illegal again -Tech Crunch

Italy seeks Vestager’s help in jobs fight Rome wants to stop electrical appliances factory leaving for Slovakia. -Politico.eu

Spain's Balearic Islands to fine Airbnb 300,000 euros for illegal rentals -Reuters

COMPLIANCE CORNER The General Data Protection Regulation: What it says, what it means Here is a guide to the major principles of GDPR. -Politico.eu

Right to be forgotten; Consent; Data breach notification; Data protection authorities; The Board; 4 percent fines; Privacy by design; Data protection officer; Profiling

AML William Hill fined £6.2m by Gambling Commission for lax controls Betting firm William Hill has been hit with a £6.2m penalty package for breaching anti-money-laundering and social responsibility regulations. -BBC

MORE AML On February 7, 2018, Dutch bank Rabobank’s U.S. subsidiary pleaded guilty to conspiring to impair, impede, and obstruct a review by the Office of the Comptroller of the Currency (“OCC”) of the bank’s anti-money laundering (“AML”) program, agreeing to forfeit more than $368 million as a result. -Lexology

READ THE PLEA United States v. Rabobank, National Association, Plea Agreement

RELAX AND INVEST, Saudi prince tells investors after corruption crackdown Three months after Saudi Arabia detained scores of people in a crackdown on corruption, its rulers are trying to reassure investors that the kingdom remains open for business. -Reuters

GLOBAL MACRO

EU joins global growth bandwagon After many false dawns, at last some sunlight has fallen on Europe's strongest economies. -BBC

Dalio's Bridgewater Quadruples Shorts on European Union Stocks The firm, run by Ray Dalio, has at least $13.1 billion in shorts, or wagers that a stock will fall, according to EU regulatory filings. That’s up from the $3.2 billion it had disclosed in such bets on Feb. 1. -NewsmaxFinance

PACIFIC PIPE DREAM Australia says UK could join Pacific trade group after Brexit UK ministers have previously floated the idea of joining the Trans-Pacific Partnership to make up for trade likely to be lost with the EU -Independent

BLAME IT ON THE RAIN Latvia Signals Russia May Be Interfering in Banking Crisis -Bloomberg

Ramaphosa Takes Tax Gamble as South Africa Targets Debt, Ratings -Bloomberg