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EMEA | GEOPOLITICAL RISK

Europe for Itself As US President Donald Trump continues to wage war on the American-led international order, Europeans can no longer assume that their interests are synonymous with those of the US. The time has come for the European Union to redefine its interests, and to develop a new strategy for defending them. -Project Syndicate 

If Europe’s divides deepened Breaking point: December 2020 After the euro crisis and Brexit, Poland and Italy could open up new fissures within the EU. A report from 2020 imagines how -The Economist

Trump Says U.S., EU Must Cut All Tariffs Ahead of Key Talks -Bloomberg

Juncker bringing 2 trade ideas for discussion with Trump EU has no expectations that the meeting will produce a breakthrough. European Commission President Jean-Claude Juncker will present two ideas for reducing trans-Atlantic trade tensions when he meets with U.S. President Donald Trump on Wednesday, but any negotiations will depend on Trump lifting tariffs on EU steel and aluminum and not imposing new tariffs on European autos -Politico.eu

Most Germans think Europe can look after itself without help from US, finds poll Donald Trump warned the United States could withdraw its support for Nato -Independent

Only 37 per cent of respondents said they believed Europe depended on US military help, the Forsa poll showed.

Britain and EU formally start splitting WTO membership agreements Britain and the European Union formally filed for divorce at the World Trade Organization on Tuesday, following many months of diplomatic preparations to smooth the way for the historic move. -Reuters

Trump’s Appeasement of Putin Undermines U.S. Diplomatic Posture His performance could scarcely have been more favorable to Putin or more threatening to the security of American democracy. -Carnegie

No welcome mat for Putin from U.S. Congress -Reuters

Trump says US ready to make ‘real deal’ with Iran The president in May pulled out of the Iran nuclear deal struck by the Obama administration. -Politico.eu

Could Iran really close the Strait of Hormuz? Iran's president has warned the US that he could close the Strait of Hormuz after Washington threatened to halt Iranian oil exports. But could Tehran really block the most critical choke point for global oil trade? -DW

China's president Xi underlines Africa ties in Senegal visit China's President Xi Jinping pledged during a visit to Senegal on Saturday to strengthen economic ties with Africa, a continent already awash with cheap Chinese loans in exchange for minerals and huge construction projects. -France24

EMEA | MARKETS IMPACT+OPPORTUNITY

GLOBAL BUSINESS

Philips, Asus, Pioneer and D&M hit with e-commerce fines Dutch group Philips (PHG.AS) and three other consumer electronics companies were fined a total 111.2 million euros ($130 million) by EU antitrust regulators on Tuesday for imposing fixed or minimum online prices for their products. -Reuters

Germany’s falling behind on tech, and Merkel knows it Party politics and cultural inertia bedevil efforts to shift into high gear on artificial intelligence. -Politico.eu

Chinese retail titan JD.com muscles in on German market The refrain in Europe has been familiar for a while: the Chinese are coming. Those wondering what exactly that means may be interested to hear what the CEO of one of China’s biggest companies has to say on the subject. -DW

German Spy Chief Says China’s Tech Takeovers Are a Security Risk -Bloomberg

Its Eye on China, Britain Pushes Back on Foreign Takeovers Britain on Tuesday joined a growing group of Western nations hardening their use of national security as a litmus test for Chinese investments, with the government in London unveiling a new blueprint to sharply tighten its oversight of foreign takeovers. -NYT

Airlines file EU complaint over French strikes Four European airlines have complained to the European Commission over what they say is France's failure to tackle strikes by air traffic controllers. They say the strikes are hindering people's freedom of movement. -DW

First the World Cup, Now Cars. France Is on a Roll Peugeot is motoring, but it’s been helped by some pretty favorable accounting. -Bloomberg

London's black-cab drivers consider suing Uber for £1bn Trade body consults major law firm over possible loss-of-earnings suit -Guardian

GLOBAL MACRO

A TREND, A ONE-WEEK HIGH DOES NOT MAKE Pound Jumps to One-Week High as May Takes Control of Brexit Talks -Bloomberg