EMEA WEDNESDAYS

GEOPOLITICAL RISK+GLOBAL MARKETS

EMEA | GEOPOLITICAL RISK

EU signs its biggest free trade deal with Japan The European Union and Japan have signed one of the world's biggest free trade deals, covering nearly a third of the world's GDP and 600 million people. -BBC

Europe Exploring Talks With Trump on Car-Tariff Cut European Commission President Jean-Claude Juncker will meet President Donald Trump in Washington next week to explore the possibility of starting negotiations on reducing car tariffs for several key trade partners, according to two people with knowledge of the plans. -Bloomberg

France's Macron can thank his lucky stars, again, after World Cup triumph -France24

Theresa May Narrowly Survives Yet Another ‘Brexit’ Test -NYT

Trump ‘misspoke’ at Putin summit and says he accepts Russia was responsible for election meddling in latest reversal President blames the confusion over his remarks on a 'transcript' error - but then contradicts himself by saying election meddling could be 'by other people' -The Independent

In Russia, Summit Is Seen as a Triumph for Putin As President Trump faced fury in Washington for his Helsinki, Finland, performance, including from some fellow Republicans who called his deference to President Vladimir V. Putin of Russia destructive and embarrassing, the view in Moscow was wholly positive. -NYT

Trump-Putin summit was a troubling media circus US President Donald Trump clearly showed weakness in his high-profile meeting with Russia's Vladimir Putin. It was a diplomatic mistake made on the world stage, writes DW's Bernd Riegert. -DW

EU should keep Turkey close and Erdoğan even closer Cutting off membership talks would play into autocratic Turkish president’s hands. -Politico.eu

The fight against Islamic State is moving to Africa Violent Islamist groups are gaining strength in the Sahel. A report from Nigeria and Niger -The Economist

EMEA | MARKETS IMPACT+OPPORTUNITY

GLOBAL BUSINESS

EU regulators fine Google record $5 billion in Android case EU antitrust regulators levied a record 4.34-billion-euro($5.04 billion) fine against Google (GOOGL.O) on Wednesday for illegal restrictions on Android smartphone makers and mobile network operators. -Reuters

Boeing in $10 Billion Freighter Sale to Russia’s Volga-Dnepr -Bloomberg

German castle expropriated from Russian owner When its wealthy Russian owner suspected of money laundering left the medieval property in disrepair, the state government used a historical preservation ordinance to take charge. Now it's slated for sale and renovation. -DW

Jaguar Land Rover boss: Brexit threatens £80bn UK investment Jaguar Land Rover has warned that a "bad" Brexit deal would threaten £80bn worth of investment plans for the UK and may force it to close factories. -BBC

UK bank Lloyds joins move towards several European hubs after Brexit One of the UK's oldest banks is following the trend to relocate operations across several European locations after Brexit. It is no longer a choice between Frankfurt, Paris or Dublin that bankers in London are mulling. -DW

Bank of Ghana annuls Belstar Capital purchase of control of ADB -Reuters

GLOBAL MACRO

U.S. Plans Uranium Import Probe That May Lead to Tariffs However, U.S. miners supply less than 5 percent of domestic consumption for the metal, and they argue it’s increasingly difficult to compete with state-subsidized companies in Russia, Kazakhstan and Uzbekistan. -Bloomberg

Russia Falls Off U.S. List of Major Holders of Treasuries Russia is no longer listed among the major foreign holders of U.S. government securities, according to a report released in Washington. -Bloomberg

EU 'positive' on Russia-Ukraine gas talks Talks have taken place in Berlin with the EU, Ukraine and Russia over the transit of gas from Russia to Europe. The forthcoming Nord Stream 2 project has stoked Ukrainian fears of economic isolation. -DW

How the Middle East Can Escape the Middle-Income Trap The Middle East and North Africa urgently needs a new social contract focused on economically empowering the hundreds of millions of youth who are expected to join the labor market in the coming decades. The key to success will be technological adoption, adaptation, and innovation, encouraged and facilitated by governments. -Project Syndicate