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Germany’s Merkel defends Iran deal as Pence accuses Europe of undermining the U.S.

“But the U.S. argues that the deal just puts off when Iran might be able to build a nuclear bomb” writes Associated Press for marketwatch.com. Former U.S. Vice President Joe Biden, who was in office when the Iran nuclear deal was negotiated, went out of his way to thank Merkel and defended the Iran deal as a “significant agreement.” “The America I see does not want to turn its back on the world,” Biden said.MUNICH (AP) — German Chancellor Angela Merkel robustly defended European nations’ decision to stand by the…

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Pence describes Trump’s tenure in attack on US allies

“Speaking before Pence, Merkel questioned whether the US decision to leave the Iran nuclear deal and withdraw from Syria was the best way to tackle Tehran in the region” writes Reuters In Munich for theguardian.com. Mike Pence rebuked European powers over Iran and Venezuela on Saturday, in a renewed attack on traditional US allies, rejecting a call by Germany’s chancellor to include Russia in global cooperation efforts. Source: theguardian.com

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U.S. held global summit to isolate Iran, America isolated itself instead

“The discord on the issue of Iran dates back most recently to last May when the U.S. withdrew from the 2015 Iran nuclear deal, and European allies like France and Britain agreed to remain in the accord” reports tehrantimes.com. Their reason was simple: Although Trump said Iran tried to obtain a nuclear bomb, European nations saw no indication that Tehran sought one.That allowed Europe to keep the nuclear deal on life support while curbing the damage America’s sanctions could wreak on Iran’s economy.Asking Europe to do something it clearly doesn’t…

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Dollar holds strength amid mixed data, set for weekly gain

“In the latest developments, trade talks are set to continue in Washington next week, after a round in Beijing wrapped up Friday with gridlock over key issues remaining” writes Markets Reporter for marketwatch.com. Sluggish economic data in the eurozone and its constituents have been overshadowing hopes for a first ECB interest-rate increase this year.Friday’s data showed a 0.5% contraction in import prices, while the Empire state manufacturing index climbed to 8.8 from 3.9 previously.For the week, the gauge is on track for a 0.5% gain, according to FactSet. Source: marketwatch.com

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GBP News 

Euronext confident ‘dual-listed’ trading to continue after Brexit

“The European Commission is responsible for granting equivalence to foreign financial operators, taking advice from the European Securities and Markets Authority (ESMA)” reports businessinsider.com. The European Commission said on Friday it was aware of the issues around dual listed shares and is in contact with ESMA on the matter.FILE PHOTO: The logo of stock market operator Euronext is seen on a building in the financial district of la Defense in Courbevoie Thomson Reuters By Huw Jones LONDON (Reuters) – The trading of dual-listed shares in Britain by European investors is…

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Mike Pence Urges Europe to Quit Iran Deal

“Britain, France and Germany, along with the rest of the E.U., continue to support the nuclear deal as the best way to prevent Iran from developing atomic weapons” writes Associated Press for pbs.org. Pence was especially critical of Britain, France and Germany for unveiling a new financial mechanism last month that U.S. officials believe is intended to keep the nuclear deal alive by evading American sanctions.Iran was not invited to the Warsaw conference and called the event a “circus” aimed at “demonizing” the country. Source: pbs.org

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Markets News 

Chinese phones now account for a third of the European market, with Huawei leading the way

“The US administration is causing Chinese companies to invest in Europe over the US. The European market is mature, and replacement rates have lengthened, but there is an opportunity for Chinese brands to displace the market incumbents” writes Feb Est for theverge.com. Despite — and to some extent, perhaps because of the United States’ current antipathy to Huawei and other Chinese brands — China’s smartphone leaders are finding great success elsewhere.The latest figures from market analysts Canalys have quantified a trend that many of us might have sensed in 2018:…

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Another defeat for Theresa May in the Commons after Brexiteer rebellion

“Theresa May is braced for another damaging defeat in the Commons on Thursday after Tory Eurosceptics accused her of ruling out a no deal Brexit” writes Matthew Lesh for telegraph.co.uk. Tory rebels who are planning to defeat Theresa May in a key Brexit vote tonight risk damaging efforts by her team to get a better deal to take the UK out of the EU, Liam Fox warned today.We need to understand that the public want us to leave the European Union but they would prefer us to leave the EU…

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EU clinches copyright overhaul deal, tech giants in focus

“Negotiators from the EU countries, the European Parliament and the European Commission clinched a deal after day-long negotiations” writes Min Read for reuters.com. Google’s YouTube and Facebook’s Instagram and other sharing platforms will be required to install upload filters to prevent users from uploading copyrighted materials.Under the new rules, Google and other online platforms will have to sign licensing agreements with rights holders such as musicians, performers, authors, news publishers and journalists to use their work online.Europeans will finally have modern copyright rules fit for digital age with real benefits…

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German govt adviser proposes broader view of EU antitrust rules

“France and Germany are pushing for a reform of EU competition rules to take a more global rather than solely European view of mergers and potentially to allow EU ministers to have a say” reports businessinsider.com. Achim Wambach, who heads the German commission charged with presenting reform proposals, said a two-stage review of mergers could first look at competition issues and then at broader public interests – such as security issues and the impact on consumers. Source: businessinsider.com

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