Caracal Insider | Geoeconomics

Caracal Insider | Geoeconomics
July 28, 2017
Curation and commentary from Marc A. Ross


Caracal Insider is a hand-curated newsletter compiled daily to bring you the best news to demystify globalization and American politics. If you enjoy what you read here, please consider forwarding it to spread the word. Not getting Caracal Insider regularly, click here to subscribe.

WSJ: Russia to kick out some US diplomats over sanctions

Russia orders US embassy to cut staff: NYT reports, the Russian government also seized two American diplomatic properties on Friday. It was Moscow’s first retaliatory steps against proposed new US sanctions against Russia.

Kazakhstan aims to swap Cyrillic for Roman letters by 2025.

Pakistan’s prime minister is removed: NYT reports, the country’s Supreme Court disqualified Nawaz Sharif from office today over accusations of corruption, a ruling that is likely to shift a tumultuous political balance.

China’s Xi Jinping makes his case as leadership shuffle looms: WSJ reports, the president offered a sweeping defense of his administration’s record, touting progress in tackling domestic corruption and economic imbalances and helping solve global problems.

Buyout firm blames China-bashing for stalled semiconductor deal: WSJ reports, a China-backed firm whose $1.3 billion bid to buy an American chip maker is stalled before a U.S. government panel has taken the unusual step of airing its frustrations in public, saying the delay is chiefly political.

Value of US deals in China sinks on rising trade tensions: Reuters reports, US corporate acquisitions in China collapsed to their lowest level for 14 years in the first half of this year, as trade tensions between the two countries and uncertainty about Chinese government regulations took a toll on deal making.

China's next target: US microchip hegemony:  The semiconductor industry, a stalwart of the global economy, is succumbing to fierce nationalistic competition. WSJ

@XHNews: Xi says socialism with Chinese characteristics has entered new development stage

Nice to know.


Japan slaps 50% tariff on some US beef: WSJ reports, Japan said it would impose a temporary 50% tariff on frozen beef from the U.S. and several other countries, a move that could inflame trade tensions.

WP: Japanese prime minister’s poll numbers are so low they make Trump’s look good

French economy expands by 0.5%.

Macron nationalizes shipyard to prevent Italian acquisition: FT reports, French president’s intervention to defend ‘strategic interests’ earns Rome rebuke.

When it comes to commerce, where you sit is where you stand.

Paris tourism bounces back as terror fears fade: AFP reports, in a rebound that began at the end of 2016, Paris saw a record 2.6 million foreign arrivals in the first four months of this year -- a 19 percent increase over the same period in 2016.

I was in Paris this April for business and talks with cabbies suggested tourist visits to Paris was sluggish. Before departing, several of my American friends asked it was safe to make the trip.

Go to Paris. It is beautiful, safe, and chic.


Irish want sea border with the UK after Brexit: The Times, Theresa May is facing a new setback in Brexit negotiations after the government in Dublin said that her proposal for the Irish border was unworkable. Leo Varadkar, the Republic of Ireland’s prime minister, is pushing for the Irish Sea to become the post-Brexit border with the UK.

Hammond seeks ‘off-the-shelf’ Brexit transition: FT reports, Chancellor tells business leaders he is aiming for a quick agreement.

Brexit transition could last until 2022: AFP reports, Britain will try to keep as many aspects of its EU membership in place as possible during a transition period of up to three years after Brexit, finance minister Philip Hammond said on Friday. But Hammond told BBC radio that EU nationals would have to register with the authorities starting from the expected departure date of March 2019 as the government comes up with a new immigration system.

Theresa May 2.0 and her cabinet have reset the government: The UK prime minister has bounced back from her election humiliation. FT - Sebastian Payne

US orders Venezuela embassy families out, crisis deepens: Reuters reports, the U.S. government ordered family members of employees at its embassy in Venezuela to leave on Thursday as a political crisis deepened ahead of a controversial vote critics contend will end democracy in the oil-rich country.

More deadly violence in Venezuela as crisis deepens ahead of vote: AFP reports, clashes between Venezuelan security forces and demonstrators have killed five people during the latest opposition-led strike to protest an election on Sunday that critics contend will mark the end of democracy in the oil-rich country.

Caracal Insider | Geoeconomics

Caracal Business Insider | Geoeconomics
July 26, 2017
Curation and commentary from Marc A. Ross

Caracal Business Insider is a hand-curated newsletter compiled daily to bring you the best news to demystify globalization and American politics. If you enjoy what you read here, please consider forwarding it to spread the word. Not getting CBI regularly, click here to subscribe.

There is a case for world trade - if only business would make it: Trade policy used to be a technocratic affair of little public interest. Not anymore. FT - Sunil Bharti Mittal

"I have been struck over the past year by the slowness of the global business community’s response to the twin threats of populism and protectionism. This cannot continue."

This OpEd is correct. You can't win the trade debate from the boardroom.

US House votes overwhelmingly for Russia sanctions: FT reports, Europeans fear the impact on pipelines and other energy projects if Trump signs the bill.

Moscow warns new US sanctions to take ties into uncharted waters: Reuters reports, Russia warned on Wednesday that new U.S. sanctions against Moscow approved by the House of Representatives take already battered ties into uncharted waters and said it was close to taking retaliatory measures of its own.

Reuters: Russia says its Baltic Sea war games with Chinese Navy not a threat

OK.

A new challenge to US power - Chinese exceptionalism: WSJ reports, China’s once-reticent citizens see their country as economically, diplomatically and politically ascendant—and the U.S. in decline. The phenomenon bolsters President Xi’s signature slogan exhorting the “China Dream.”

Wang Qishan: China’s enforcer: FT reports, the head of the anti-corruption campaign has many foes. But his supporters want him to become the next premier.

China’s most mysterious company: Bloomberg reports, regulators on three continents are trying to work out just who owns HNA Group Co., the conglomerate with alleged links to Communist Party officials that’s made more than $40 billion of acquisitions in 18 months.

Why China invests more in Europe than in the US: FT reports, political sensitivities, security concerns and industrial structure direct the flow.

USTR Lighthizer: Trump challenging China's industrial policies: Reuters reports, in a rare media interview, said that the Trump administration would work to hold China's practices to the rules of the World Trade Organization, an organization that he has criticized for being ineffective in enforcing fair trade.

‘Drastic’ water rationing looms for Rome as drought blights Italy: AFP reports, some of the driest weather to affect Italy’s in 60 years and Rome’s notoriously leaky pipes have left the city’s residents fearing water rationing.

Britain sees Brexit’s threats more clearly: NYT - Editorial writes, as negotiations progress, hopes for a painless divorce and new opportunities for a “global Britain” wither.

Inside the mind of the man who secured Brexithttps://goo.gl/q6xqkC

Dominic Cummings is brash, contrary and unpredictable. The eurosceptic strategist also had no qualms confessing that he thought Eurosceptics were “particularly unbalanced.” And in his view, some of the MPs he worked with during the campaign were “completely deranged.”

AFP: Two-day general strike to begin today in Venezuela to protest Maduro