Daily Briefing: EU-Japan Commercial Pact, Google Fined, Mutant Tomatoes



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Japan and the EU have signed the world's largest bilateral trade pact against the spread of protectionism and "l & # 39; growing darkness "of international politics, declaring the agreement, which would create a trading area covering about one-third of global GDP, would result in a reduction of Japanese tariffs on European wine and cheese, while tariffs from the EU on Japanese cars would be lifted Subsequently, US Federal Reserve Chairman Jay Powell also objected Tuesday to protectionism, adding that he was not considering the issue. EU as an "enemy".

In the battle against the Trump administration's trade war, Martin Sandbu of the Financial Times believes that the best defense is a global effort to double liberalization. Meanwhile, FT View writes that Brussels and Tokyo should try to broaden and deepen their approach. (FT)

In the news

The Russians temper the joy of the Trump summit
Russia's first euphoric reaction to the first summit between Vladimir Putin and Donald Trump gave way to more awareness circumspect: ties can be victims of an American reaction. Similarly, the US president risks a split in the Republican party. He now says that he is accepting evidence of Russian intervention in the US elections. (FT)

Google faces a record against Android
In its eight-year antitrust battle, the European Commission is expected to impose Wednesday a multi-billion dollar fine on Google for having abused its dominant position systems. (FT)

Amazon strikes threaten sales of the first day
German workers go on strike at the launch of the company's largest annual promotional event, which is disrupting Amazon's distribution centers and its website. (FT)

China closes a fifth of foreign universities
Formerly considered a way to import educational know-how while allowing foreign universities to exploit the Chinese market, foreign partnerships are increasingly politicized. and financial pressure, and face stiffer competition from national universities. (FT)

Can barely survive the rebellion of pro-European conservatives
Eventually, a small group of Labor MPs rescued Theresa May's government on Tuesday, helping Prime Minister to sift murder Brexit vote. The Battle Between HKEX and Continental Trade
Among the Efforts to Attract Chinese Technology Groups, Shanghai and Shenzhen's Decision to Sell Double-Listed Listings Could Threaten Hong's Status Kong. financial center of Asia. (FT)

The day to come

Turkey's state of emergency expires
The declaration imposed by President Recep Tayyip Erdogan after a controversial coup attempt in July 2016 should be closed on Thursday. The UN calls at the end of the period for months, accusing Ankara of massive arrests and other abuses. (Reuters)

Nelson Mandela International Day
Wednesday marks the 100th anniversary of the birth of the anti-apartheid leader. Before the festivities, former US President Barack Obama delivered a speech on values ​​in his most prominent speech since his departure. Look at it here. (Guardian, Facebook)

Keep up to date on the great business, economic and political stories in the coming days with the next week of the FT

What to read You [19659007] The Cashless Revolution
Can you remember the last time you withdrew money from an ATM? Many young people in China – where nearly half of global digital payments were made in 2017 – can not. Find out more in the next edition of our Millennial Moment series. (FT)

All that happened to Trump's infrastructure boom
While billions have been raised to build or repair American roads, bridges and airports, a small part of the money finds its way to public projects. (Bloomberg)

How Russian gas became Europe's most controversial commodity
You may have heard Donald Trump last week criticize Nord Stream 2, a Russian gas pipeline backed by the Russia. Critics consider the pipeline – and Germany's role in it – as an act of treason. Our correspondent in Berlin has tabled this dispatch on what some people call a "geopolitical madness of the first order". (FT)

  Map of the North Stream 2 Pipeline

Meeting with the Man in Charge of Repairing the New York Underground
Andy Byford has one of the least enviable jobs in transportation in common. Six months later, he created a plan to modernize New York's decrepit system, which requires a $ 19 billion investment. (FT)

The Crispr Mutant Tomato and the Future of Food
It took thousands of years for humans to raise a fruit the size of a man. A pea in a beautiful beefsteak tomato. Now with gene editing, scientists can change everything. (Wired)

The domination of Chinese cobalt against blockchain resistance
While China strengthens its supply of cobalt – without which electric vehicles do not work – child labor in impoverished African countries nation that produces most of it. Could blockchain technology be the answer? (Nikkei Asian Review)

What really went wrong in the 2008 financial crisis?
In a book of FT Crashed: How a decade of financial crises changed the world Martin Wolf discusses the end of a consensus for liberalization. (FT)

Video of the Day

What is the utility of a health application for identifying diseases?
FT's technology correspondent, Aliya Ram, tests the artificial intelligence of Babylon. (FT)

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