Donald Trump and Boris Johnson ‘working already’ on trade deal Johnson ‘has what it takes, they needed him for a long time,’ says US president.

Iran Links British Seizure of Oil Tanker to Ailing Nuclear Deal -NYT

US formally asks Germany to 'help secure' Strait of Hormuz The US wants Germany to take part in a UK-proposed, European-led naval mission to protect ships sailing near Iran. German politicians were less than thrilled by the initiative, which aims to "combat Iranian aggression." -DW

Russia launches probe into 'mass unrest' at Moscow protest More than 1,000 people were detained during the unauthorised protest against the exclusion of opposition candidates from local polls. -BBC


Companies using Facebook 'Like' button liable for data: EU court Companies that embed Facebook’s “Like” button on their websites must seek users’ consent to transfer their personal data to the U.S. social network, in line with the bloc’s data privacy laws, Europe’s top court said on Monday. -Reuters

German law targets money laundering in property market Germany's government is unveiling a new law aimed at combating money laundering in the real estate sector. It's estimated that billions in illegal earnings are funneled into the German property market each year. -Reuters

Trump vows to retaliate over France’s digital services tax US president announces ‘substantial reciprocal action on Macron’s foolishness.’

Trump threat to tax French wine completely moronic, minister says -BBC

Huawei says US campaign hit business in Europe, no ‘major disruption’ overall The company announces it has booked €52 billion in revenue in the first half of 2019.

BAE Systems Earnings Gain on Increased U.S. Defense Spending -Bloomberg

US Senate fails to block Trump vetoes on Saudi arms sales The Senate has failed in a bid to override a series of vetoes issued by President Donald Trump, allowing the administration to move forward with plans to sell billions of dollars of weapons to Saudi Arabia and the United Arab Emirates. -Reuters

‘Small Is Beautiful’ Can Work in Developing Africa Solar and mobile technology offer ways to work around the continent’s shaky infrastructure. -Bloomberg


The End of ECB Restraint Outgoing European Central Bank President Mario Draghi has indicated that the bank is planning a new round of aggressive monetary stimulus. Such measures will most likely have negative economic consequences – not least by further increasing the cost pressures weighing down German industry. -Project Syndicate

Germany's top court faces case of deja vu over ECB bond buying Germany's Constitutional Court is once more dealing with the question of whether the European Central Bank's asset purchases constitute illegal state funding. A "Yes" from Germany's top judges could lead to chaos. -DW

One direction: Brexit-hit pound facing gravity of parity Currency traders who were wary of positioning outright for a no-deal Brexit outcome seem to be finally be throwing in the towel: heavy selling has hit sterling this month and metrics such as derivatives and positioning suggest no respite ahead. -Reuters

Iran's vice president urges China, friendly countries to buy oil Iranian Vice President Eshaq Jahangiri called on China and other countries friendly with Iran on Monday to buy more Iranian oil, the oil ministry news website SHANA reported, as Chinese imports plunged after U.S. sanctions took effect. -Reuters