GEOPOLITICAL RISK+GLOBAL MARKETS
MUNICH SECURITY REPORT 2019: "The Great Puzzle: Who Will Pick Up the Pieces?" -MSC
An Incredibly Detailed Map Of Medieval Trade Routes The map above is probably the most detailed map of Medieval Trade Routes in Europe, Asia and Africa in the 11th and 12th centuries you can find online. It includes major and minor locations, major and minor routes, sea routes, canals and roads. -Merchant Machine
The Road From Thatcherism This year marks four decades since Margaret Thatcher came to power as Britain’s first woman prime minister, inaugurating an era of market fundamentalism that is still with us today. Why does an ideology that is so obviously exhausted maintain its grip on policymakers worldwide? -Project Syndicate
4 takeaways from Europe’s new platform rules New measures cover how Amazon, Apple, Google and others deal with business users. -Politico.eu
Rift Between U.S. and European Carriers Opens Over Huawei -Bloomberg
Airbus to scrap production of A380 superjumbo in 2021 Europe’s Airbus announced plans to scrap production of the A380 superjumbo on Thursday, abandoning its dream of dominating the skies with a cruiseliner for the 21st century after years of lacklustre sales. -France24
Twitter tightens political ad rules ahead of EU election Data to be made available to public, company says. Twitter will introduce new restrictions on political campaign ads on the platform ahead of the European Parliament election May 23-26, the company announced Tuesday. -Politico.eu
Wirecard: Why the German digital payment firm is under fire Three reports by the Financial Times have accused Wirecard's Singapore office of forgery, falsification of accounts and money laundering. A probe has now been opened into the journalist who made the accusations. -DW
Brexit: financial services and insurance The UK has proposed legislation to take effect on a "hard" Brexit (i.e. if no deal is reached) that puts the UK financial services and insurance sectors at a disadvantage to businesses elsewhere in the EU. -JDSupra
Honda confirms Swindon car plant closure "This is not a Brexit-related issue for us, it's being made on the global-related changes I've spoken about.” -BBC
What would a no-deal Brexit mean for cars? Short-term disruption could presage a chronic decline for Britain’s car industry -The Economist
Russia Votes to Ban Smartphone Use by Military, Trying to Hide Digital Traces -NYT
Estonia orders Danske Bank branch to shut -BBC
“We acknowledge that the serious case of possible money-laundering in Estonia has had a negative impact on Estonian society and finds it best that Danske Bank discontinues its Estonian banking activities,"
EU adds Saudi Arabia to 'dirty money' blacklist in crackdown on terrorism financing Banks will have to carry out more stringent checks on financial transactions -The Independent
Qatar Petroleum signs initial deals to boost local energy industry Qatar Petroleum signed preliminary deals worth more than 9 billion Qatari riyals ($2.47 billion) on Monday with oil services firms Schlumberger and Baker Hughes to boost the local energy industry.
Brexit reprieve for City workers as European regulator recognises London clearing houses Paris, Frankfurt and other European financial hubs hope to prise lucrative euro-clearing business away from the UK -The Independent
U.S. hedge fund Tiger Global sells entire stake in Barclays -Reuters
Germany and France Launch $2 Billion Kick-Start for Battery Cells France and Germany are pooling efforts to kick-start battery cell production in Europe aiming to take on rivals from Asia which dominate the global market, top officials from both nations said.
White House pushed Saudi nuclear power plan Senior White House officials backed a project to share nuclear power technology with Saudi Arabia, a congressional report has found. The plan is still under consideration by the Trump administration. -DW