{"id":3049,"date":"2019-09-23T11:12:09","date_gmt":"2019-09-23T09:12:09","guid":{"rendered":"https:\/\/www.dazzlepop.net\/site\/?p=3049"},"modified":"2019-09-23T11:12:11","modified_gmt":"2019-09-23T09:12:11","slug":"brussels-edition-draghis-farewell-climate-talks-apple-tax","status":"publish","type":"post","link":"https:\/\/www.dazzlepop.net\/site\/brussels-edition-draghis-farewell-climate-talks-apple-tax\/","title":{"rendered":"Brussels Edition: Draghi\u2019s Farewell, Climate Talks, Apple Tax"},"content":{"rendered":"
<\/div>\n

Mario Draghi\u2019s valedictory appearance at the European Parliament today may provide a forum for plaudits and criticism<\/a> of a man who is seen by some as the savior of the euro; by others as the Italian who got southern Europe hooked on cheap credit<\/a>. As his final bout of stimulus <\/a>works its way through the economic plumbing, his successor, Christine Lagarde, may look to a non-euro zone member \u2014 Denmark \u2014 for what happens when banks start charging<\/a> a large swathe of their customers for storing money.<\/p>\n\n\n\n

What\u2019s Happening<\/h2>\n\n\n\n

Climate Conclave <\/strong>| World leaders head to New York for a United Nations summit that seeks to galvanize action<\/a> against climate change. Angela Merkel, whose emissions deal was criticized by both<\/a> environmentalists and industry lobbyists, will speak at the gathering today. She\u2019ll be joined by many of her counterparts from Europe, where climate has been catapulted to the top of the political agenda amid increasing bouts of drought and wildfires<\/a>.<\/p>\n\n\n\n

Brexit Crunch<\/strong> | Brexit will also travel to New York, with Boris Johnson holding vital meetings<\/a> with European leaders less than six weeks before the deadline<\/a> for the U.K. to leave the EU.  Talks also continue in Brussels in the wake of the European Commission\u2019s thorough panning of British proposals submitted so far.  And in London, the Supreme Court will rule<\/a> on whether Johnson suspended Parliament illegally as part of his Brexit strategy.<\/p>\n\n\n\n

Apple Case<\/strong>\u00a0| Apple<\/a>\u00a0may only need to\u00a0wait until tomorrow<\/a>\u00a0to get early indications\u00a0about its chances of success in the biggest\u00a0tax case\u00a0in recent history.\u00a0The same panel of judges that will\u00a0decide on its\u00a0bid to\u00a0topple<\/a>\u00a0a record 13 billion-euro EU tax order will deliver a ruling on two smaller but\u00a0related challenges<\/a>\u00a0by\u00a0Starbucks\u00a0and\u00a0Fiat Chrysler, potentially offering clues on how its own case could evolve.<\/p>\n\n\n\n

Plane Levies<\/strong> | This week could also see movement in a looming U.S.-EU tariff battle<\/a> over illegal aircraft subsidies. A decision by the WTO allowing the U.S. to slap levies on billions of European exports is entering its final stage and the trade body will soon reveal the amount of EU exports that may be affected. While the EU is seeking to avoid such an escalation, the U.S. seems set on pushing ahead.<\/p>\n\n\n\n

In Case You Missed It<\/h2>\n\n\n\n

Labour Ruptures<\/strong> | It\u2019s not only Johnson struggling to hold his party together over Brexit. The Labour Party\u2019s annual conference this week started with a botched attempt<\/a> to remove its pro-EU deputy leader, Tom Watson, whose insistence on campaigning for Remain is at odds with opposition leader Jeremy Corbyn\u2019s plan to hold a second referendum only after negotiating a \u201ccredible\u201d deal with Brussels. He\u2019d stay neutral while the public decided<\/a> between his deal or Remain.<\/p>\n\n\n\n

Spanish Split<\/strong> | Mas Madrid, an anti-austerity party, opted to contest general elections in November in a move that could further fracture the left-wing vote<\/a> going into Spain\u2019s fourth national ballot in as many years. Mas Madrid is led by Inigo Errejon, who broke ranks in January with Podemos, the party he helped found. His new movement won 20 seats in Madrid regional elections in May, compared with just seven by Podemos.<\/p>\n\n\n\n

Putin\u2019s Embrace\u00a0<\/strong>| For most of his two decades in power, Vladimir Putin has challenged the assertion that global warming is due almost exclusively to human activity. But now, as the leader of the world\u2019s fourth-largest emitter, he has finally\u00a0decided to ratify<\/a>\u00a0the 2015 Paris Agreement \u2014\u00a0and the reasons behind this have less to do with the fate of the planet than with geopolitics and gross domestic product.<\/p>\n\n\n\n

New Tools<\/strong> | Central banks can\u2019t fix a stalling world economy with their current tools, so some of the biggest names in finance are trying to invent new ones. Proposals so far<\/a> have one thing in common: They foresee the once all-powerful central bankers taking a more junior role and collaborating with governments, as an emerging consensus says the next downturn may need to be fought with direct and permanent injections of cash and that central banks can\u2019t deliver it alone.<\/p>\n\n\n\n

Chart of the Day<\/h2>\n\n\n\n
\"Services<\/figure>\n\n\n\n

Global\u00a0trade in services slowed<\/a>\u00a0during the first quarter of 2019, according to a new World Trade Organization report. The report describes a \u201cbroad loss in momentum\u201d among various services sectors like finance, technology, tourism and transportation. The WTO has already slashed its global trade growth projection for 2019 to the lowest level in three years, citing the impact of rising commercial tensions and tariffs.<\/em><\/p>\n\n\n\n

<\/p>\n\n\n\n

Source: https:\/\/www.bloomberg.com\/news\/articles\/2019-09-23\/brussels-edition-draghi-s-farewell-climate-talks-apple-tax<\/a> <\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Mario Draghi\u2019s valedictory appearance at the European Parliament today may provide a forum for plaudits and criticism of a man who is seen by some as the savior of the euro; by others as the Italian who got southern Europe hooked on cheap credit. As his final bout of stimulus works its way through the economic plumbing, his successor, Christine Lagarde, may look to […]<\/p>\n","protected":false},"author":3,"featured_media":-1,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_vp_format_video_url":"","_vp_image_focal_point":[],"footnotes":""},"categories":[45],"tags":[44,31,177,37],"class_list":["post-3049","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-apple","tag-business","tag-ios","tag-technology"],"yoast_head":"\nDazzlepop | Brussels Edition: Draghi\u2019s Farewell, Climate Talks, Apple Tax<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.dazzlepop.net\/site\/brussels-edition-draghis-farewell-climate-talks-apple-tax\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Dazzlepop | Brussels Edition: Draghi\u2019s Farewell, Climate Talks, Apple Tax\" \/>\n<meta property=\"og:description\" content=\"Mario Draghi\u2019s valedictory appearance at the European Parliament today may provide a forum for plaudits and criticism of a man who is seen by some as the savior of the euro; by others as the Italian who got southern Europe hooked on cheap credit. 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