EMEA Wednesdays



The stalled quest for a more democratic EU No parties plan to hold open primaries to select their ‘Spitzenkandidat’ for the European election in 2019. -Politico.eu

Novice prime minister, populist government could put Italian economy in danger Ambitious spending plans by Italy's new coalition, and potentially a political unknown as prime minister, have put investors on edge. Some commentators think the effects will also be felt by the entire eurozone. -DW

Breakingviews - Italy’s next economy minister is the one to watch -Reuters

Boris Johnson Warns May to ‘Get On With It’ and Deliver Brexit Foreign Secretary Boris Johnson set Theresa May a list of Brexit demands, saying she must “get on with” taking the U.K. out of the European Union’s trading rules as fast as possible. -Bloomberg

Down with the Czar Putin The protests that rippled across Russia ahead of Vladimir Putin’s fourth inauguration as president suggest deeper stirrings of popular discontent. As he reaches for Monomakh’s Cap, the ruby-studded relic of the Russian czars, President Vladimir Putin risks paving the way for widespread turmoil. -Project Syndicate

EU doubts if offer can prevent Trump tariffs or steel caps -Reuters

Europe Must Confront America’s Extraterritorial Sanctions Europe’s biggest challenge in resisting US sanctions on Iran is not legal or even geopolitical. It is psychological: European leaders act as if the US still cares about a trans-Atlantic alliance of shared interests, values, and approaches. -Project Syndicate

With eye on China, EU parliament pushes tougher line on investments Members of the European Parliament are nearing agreement on a proposal that would broaden the powers of the European Commission to scrutinize foreign investments amid rising concern about Chinese acquisitions on the continent -Reuters



Facebook's Mark Zuckerberg faces EU Parliament over data scandal After being grilled by the US Congress, Facebook CEO Mark Zuckerberg faced a barrage of questions from EU lawmakers over data leaks. The meeting came just days before the EU's new data protection law comes into effect. -DW

Yelp seeks to revive EU antitrust complaint against Google Yelp Inc said on Tuesday it has renewed a European antitrust complaint against Alphabet Inc’s Google, seeking to gain traction on a longstanding accusation that the search giant unfairly promotes its own services in results. -Reuters

Google cases are a battle between right to privacy and right to know -The Guardian

BP invests in Israeli fast-charge battery company -Reuters

European firms working with Iran will be held ‘to account', Pompeo warns -France24

Rio Tinto Is Ready to Accept $3.5 Billion Deal to Exit Grasberg -Bloomberg

Glencore shares fall on DRC probe fears Shares in London-listed mining giant Glencore have fallen 7% following a report of a potential investigation into its actions in Africa. -BBC


America must use sanctions cautiously The dollar gives the Treasury extraordinary power over global finance. It should not be used lightly -The Economist

Brexit has already hit UK GDP by up to £40bn, Bank of England governor Mark Carney reveals The governor said that real household incomes are about £900 per household lower than the bank forecast in May 2016 -The Independent

Norway's $1 Trillion Wealth Fund Moves a Bit Closer to Oil Exit The fund shocked markets around the world in November when it asked for permission to divest oil and gas companies to reduce financial risk, arguing Norway as a whole is already heavily exposed to oil as western Europe’s biggest petroleum producer. -Bloomberg

Coffee Waste Is Now Fetching a 480% Premium Over Coffee Itself -Bloomberg