Hong Kong riot police have ejected protestors from the region’s parliament. Pictured: Image from a surveillance camera which police allege shows protestors digging up pavement stones near the Hong Kong Legislative Council, 1 July 2019. Photo: Hong Kong Police Force
Markets perk up on China-US trade hopes; Iran breaks nuclear materials cap; and how much sleep you should get. Delano’s breakfast briefing for Tuesday.
Hong Kong protestors ejected from Legislative Council
Police retook control of Hong Kong’s regional parliament after protestors occupied and ransacked the chamber. Protestors defaced the current Hong Kong emblem and raised the colonial era flag. The protestors had broken away from a march commemorating the anniversary of Hong Kong’s return to China. The incident followed several weeks of peaceful pro-democracy protests. Sources: BBC, Deutsche Welle, France 24 and The Guardian.
Markets up on US-China trade truce
Shares in Europe and the US were up after signs that Beijing and Washington may settle their months-long trade war; the US and Chinese presidents agreed to reopen talks over the weekend. Sources: BBC, Financial Times and The Guardian. On the other hand, Asian markets were mixed. Sources: Marketwatch and Reuters. Meanwhile, the US threatened the EU with €4bn in punitive tariffs in their ongoing aircraft subsidies dispute. Sources: Deutsche Welle and Reuters.
Walmart making big China investment
The retail giant Walmart said it spend $1.2bn to upgrade and expand its logistics network in China, reported Reuters.
Woodford fund to remain suspended
The Woodford Equity Income fund will remain blocked until 29 July (and possibly longer). Investor withdrawals have been frozen since 3 June. Sources: Financial Times, The Guardian and Sky News.
Tehran exceeds nuclear material threshold
Iran has breached its stockpile limit on low enriched uranium under its international nuclear deal. Sources: BBC, The Guardian and NPR.
EU top jobs wrangle to continue on Tuesday
European leaders will resume talks on key EU posts at 11am. They failed to agree on the top jobs during marathon sessions on Sunday and Monday. Sources: Financial Times, Deutsche Welle and Politico.