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An Agenda for Europe’s Next Decade The EU cannot afford another decade of crisis management and indecision. Instead, it must build a sustainable future on four pillars: an ambitious agenda, a focus on results, reform of EU institutions, and a renewed emphasis on European values. -Project Syndicate

5 takeaways from Spain’s election Pedro Sánchez remains the only Socialist leading a major European country. -Politico.eu

1. Social democratic tactics

2. Combinations in parliament

3. Popular Party catastrophe vs. the rise of Ciudadanos

4. The far right

5. The Catalan factor

US: Russia convinced Maduro to stay in Venezuela US Secretary of State Mike Pompeo has said Maduro was ready to go into exile in Cuba but was persuaded by Russia to stay. President Donald Trump has called on Cuba to immediately cease its military support for Venezuela. -DW

GLOBAL BUSINESS

EU belittles U.S. claims as 'frankly childish' at WTO Airbus hearing -Reuters

EU court backs use of trade tribunals to protect foreign investors The European Union won backing from the bloc’s top court on Tuesday for its system to protect foreign companies, which proponents say is essential for future trade agreements but critics say unfairly favors multinationals. -Reuters

EU governments cannot regulate Airbnb without asking Brussels, says ECJ EU’s top court advocate general finds applying French letting regulations to Airbnb is a breach of EU rules protecting ‘the free movement of information society services’ -Bloomberg

EU court advisor sides with Airbnb over row in France -France24

How Big Tech’s ties to Ireland threaten data privacy around the world Last May, Europe imposed new data privacy guidelines that carry the hopes of hundreds of millions of people around the world — including in the United States — to rein in abuses by big tech companies. -Politico.eu

Almost a year later, it’s apparent that the new rules have a significant loophole: The designated lead regulator — the tiny nation of Ireland — has yet to bring an enforcement action against a big tech firm.

Vodafone Found Hidden Backdoors in Huawei Equipment While the carrier says the issues found in 2011 and 2012 were resolved at the time, the revelation may further damage the reputation of a Chinese powerhouse. -Bloomberg

Britain strikes an artful compromise on Huawei and 5G Its measured approach to dealing with the controversial Chinese firm is a model for other countries -The Economist

The West Finally Has Its Huawei Smoking Gun It may not be enough to sway those who are already convinced of the Chinese company’s innocence. -Bloomberg

Bayer shareholders angry over stock price fall German chemical giant Bayer has faced the anger of environmentalists and lawyers following the takeover of the US agricultural group Monsanto, and its controversial herbicide Roundup. Now it’s shareholders are furious too. -DW

JLR to build new Land Rover Defender in Slovakia Jaguar Land Rover (JLR) will build its next-generation Land Rover Defender 4x4 in Slovakia rather than the UK. -BBC

GLOBAL MACRO

For investors, bloom is off Europe amid Brexit, yellow vest worries Among the concerns: Great Britain will experience a hard Brexit separation from Europe, resulting in financial calamities; “yellow vest” protesters demanding equality in France will push the country toward unsustainable economic policies; Italy is not dealing with underlying issues that sent it to a third recession in a decade; big banks across Europe, including Deutsche Bank AG, have not dealt with money-losing exposures stemming from the 2008 financial crisis; and the European Central Bank has run out of options to fix all the troubles on its own.  -Reuters

Nord Stream 2: What Berlin thinks about halting construction Manfred Weber, a candidate for the office of president of the European Commission, is speaking out against the planned Nord Stream 2 gas pipeline. What is the German government's response? -DW

Abu Dhabi Weighs Multi-Billion Dollar Gas Pipeline Deal Abu Dhabi National Oil Co. is seeking to raise billions of dollars from its natural-gas pipelines, months after the state-owned explorer got a $4 billion investment in its oil infrastructure assets, according to people familiar with the matter. -Bloomberg

Gambia signs oil exploration deal with BP for A1 block -Reuters