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7:16, 18 January 2018

Europe Edition: Angela Merkel, Brexit, Winter Olympics: Your Thursday Briefing

Europe Edition: Angela Merkel, Brexit, Winter Olympics: Your Thursday Briefing


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Great morning.

Here’s what you require to know:

CreditDoug Mills/The New York Occasions

• Much more on a single of the greatest spy leaks in U.S. history:

F.B.I. investigators gambled in 2013 that letting a C.I.A. officer suspected of spying for China slip out of the United States could assist them piece with each other how Beijing decimated an American spy network.

Nearly 5 years later, when the former officer created a surprise return to the United States this week, the F.B.I. hurried to arrest him upon arrival.


CreditTom Brenner/The New York Times

• Stephen Bannon, President Trump’s former chief strategist, has agreed to be interviewed by investigators working for the unique counsel in the Russia investigation.

The deal permits Mr. Bannon to avoid testifying ahead of a grand jury and is a sign that he might be cooperating with the investigation.

Separately, two news reports offer you fresh information about Mr. Trump’s rumored sexual partnership with an adult-film actress. Mr. Trump and the actress denied the allegations, Mr. Trump’s lawyer said.


CreditVille de Bayeux

• Britain’s Home of Commonsauthorized a bill to sever the country’s ties with the European Union. It is now headed to the much more pro-European House of Lords.

Facebook told lawmakers that it was reopening and broadening an internal investigation into the possibility that Russia had used the platform to influence the 2016 Brexit referendum.

President Emmanuel Macron of France is anticipated in Britain nowadays for talks on security and the impact of Brexit on France’s north. (He is also expected to announce a loan of the 11th-century Bayeux Tapestry, above.)


CreditDmitry Kostyukov for The New York Occasions

• In Germany, a current deadly stabbing has turn into Exhibit A for these arguing that Chancellor Angela Merkel’s migration policy has enhanced the risk of violent crime.

The murder shows how the debate on migration has reached a new and fevered stage, our Berlin bureau chief writes.

Mrs. Merkel hosted her Austrian conservative counterpart, Sebastian Kurz, in Berlin. In contrast to Mrs. Merkel, Mr. Kurz rose to energy in part by co-opting much of the far-right’s political agenda.


CreditJung Yeon-Je/Agence France-Presse — Getty Pictures

• Score 1 for the power of sports.

North and South Korea agreed to have their athletes march with each other below a “unified Korea” flag at the opening ceremony of the Winter Olympics next month. The two nations will also field a joint women’s ice hockey team.

The moves are “the most dramatic gesture of reconciliation in between the two nations in a decade,” our veteran Korea correspondent writes. (They also upend U.S. approach.)


CreditMinh Uong/The New York Occasions

• U.S. stocks have risen for so long that Wall Street is becoming nervous. What’s an investor to do? For insight, check out our most current quarterly report on investing.

• Apple plans to bring back the majority of the $252 billion in cash that it has lengthy held abroad, capitalizing on the Republican tax law.

• Britain fears a domino effect in layoffs amongst subcontractors of Carillion, the key building and solutions firm forced into liquidation.

Google is helping firms develop their personal A.I. algorithms, even if they are novices.

• Altering fortunes: Goldman Sachs reported its first loss considering that 2011. Car sales in Europe recovered to attain their highest level in ten years. And IBM’s yearslong losing streak could finish nowadays.

Here’s a snapshot of global markets.

In the News

CreditMohammed Saber/European Pressphoto Agency

• The U.N. agency that aids Palestinian refugees said it was facing the worst monetary crisis in its seven-decade history right after the U.S. withheld funding. [The New York Times]

• In northern Nigeria, a double suicide bombing at a marketplace killed at least 12 folks and wounded 48 other people. [Connected Press]

• American troops will stay in Syria lengthy soon after their fight against the Islamic State has ended, Secretary of State Rex Tillerson stated. [The New York Instances]

• As the pope arrives in Peru, the Vatican’s handling of sexual abuse in a Catholic organization there has raised inquiries. [The New York Occasions]

• Catalan lawmakers elected a secessionist politician as speaker of the regional Parliament. [Associated Press]

• The British government has appointed a minister for tackling widespread loneliness and its impact on mental and physical overall health. [The New York Occasions]

• Romania’s president agreed to appoint Viorica Dancila, a European Parliament lawmaker, as the country’s first female prime minister. [Balkan Insight]

• Ahead of elections in April, Hungary’s governing Fidesz celebration has stepped up its populist campaign against George Soros, the Hungarian-American billionaire. [Politico]

• The French government abandoned a decades-old plan to develop a key airport close to Nantes. Disagreements with activist squatters stay. [The Guardian]

Smarter Living

Tips, each new and old, for a a lot more fulfilling life.

CreditCraig Lee for The New York Times

• Recipe of the day: Skip delivery and make Hunan beef at property.

• “Should I purchase Bitcoin?” may be the incorrect question.

• Battle forgetfulness with these excellent suggestions.


A sexual-misconduct allegation against the comedian Aziz Ansari adds a new dimension to discussions of dating norms and consent.Published OnCreditImage by Todd Heisler/The New York Occasions

• A sexual-misconduct allegation against the comedian Aziz Ansari, above, adds a new dimension to discussions of dating norms and consent.

• In Rome, a course aims to teach taxi drivers hospitality and valuable phrases in Chinese and Arabic. “It’s crucial to make men and women comprehend that not every taxi driver is a bandit,” one operator said.

• “Drag has ultimately arrived at the location it deserves in pop culture, in a way that can not be ignored,” a single aficionado mentioned.

• And is that you in that centuries-old perform of art? A Google app that compares selfies with artwork is the most downloaded app in the U.S. (In Europe, you can give it a attempt by using an American VPN service.)

• A cloudy Moscow got only six minutes of sunlight in the course of the entirety of December, generating it the darkest month since the city started recording the data. A person referred to as it “Hillary’s revenge.”

Back Story

Double your funds in just 90 days. Greater however, make it 45.

That’s what Charles Ponzi, who died 69 years ago right now, promised investors. In the end, Ponzi swindled far more than $15 million in 1920, the equivalent of $191 million nowadays.

The trickery earned Ponzi his own namesake scheme, made notorious by Bernard Madoff, who defrauded clientele of far more than $50 billion. But the original scheme centered on postal notes.

Ponzi took benefit of international postal reply coupons, which permitted postal customers in a single country to purchase a coupon redeemable for stamps in another country.

Money was invested by way of Ponzi’s Security Exchange Business with the concept that he would take investors’ dollars, use them to get foreign postal coupons, convert every coupon into a five-cent stamp, and convert the stamps into cash.

But Ponzi by no means invested in the coupons.

As an alternative, he collected the funds and paid off his investors although waiting for one more influx of cash to come in. Millions of dollars began arriving each week from working-class folks.

Ponzi’s scheme was sooner or later exposed, and he later died in a charity hospital in Brazil, with only $75 to his name.

Remy Tumin contributed reporting.


This briefing was ready for the European morning and is updated on the internet. Browse past briefings right here.

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Published at Thu, 18 Jan 2018 05:13:23 +0000

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