July 11, 2017
Curation and commentary from Marc A. Ross

Caracal Business Insider: Politics + Policy + Profits

Caracal Business Insider is a hand-curated newsletter compiled daily to bring you the best news to demystify globalization and American politics. If you enjoy what you read here, please consider forwarding it to spread the word. Not getting CBI regularly, click here to subscribe.

G20 minus 1: How Trump changed the nature of American leadership at global summit https://goo.gl/R42RUS

The average rent for MLS-listed apartments in Toronto rose 11 percent year-over-year and surpassed the $2,000 a month mark.

UK business group: Government has no ‘clear plan’ for Brexit: Politico reports, the president of the Confederation of British Industry said business was “no wiser” about Brexit than a year ago.

London calling delayed: Trump's state visit to Britain is being planned for next year. AFP reports, more than 160 of parliament's 650 MPs have signed a parliamentary motion opposing an address in Westminister by Trump, citing the travel ban and his comments on torture and women.

North Korea’s surprising, lucrative relationship with Africa: WP reports, the continent is dotted with buildings and statues built by Pyongyang, which has for years used African nations as financial lifelines in the face of mounting sanctions. But the infrastructure deals and military equipment sales are only part of the problem.

How to squeeze China: William McGurn writes in the WSJ, force ruling elites to choose between North Korea and American colleges for their kids.

China says 'China responsibility theory' on North Korea has to stop: Reuters reports, China hit back on Tuesday in unusually strong terms at repeated calls from the United States to put more pressure on North Korea, urging a halt to what it called the "China responsibility theory", and saying all parties needed to pull their weight.

Caixin - Editorial: China can contribute more in global affairs while sticking to domestic development https://goo.gl/b5kQAA

Xi tells his troops: 'Call me chairman': Nikkei reports, in a surprise gambit, Chinese President Xi Jinping has broken with a long-standing military tradition in a bid to strengthen his political position ahead of the Communist Party's leadership reshuffle later this year. 

China trial paves way for ‘unhackable’ communications network: FT reports, the success of Jinan project points to commercial application for quantum communications.

Former CIA officer accused of spying for China denied bail: SCMP reports, Kevin Mallory was in possession of documents that could have compromised human intelligence sources, court hears.

US legislators call on SEC to reject Chinese takeover of Chicago Stock Exchange: AFP reports, eleven US legislators are urging regulators to block a Chinese takeover of the niche Chicago Stock Exchange, according to a letter sent Monday. The letter called on the Securities and Exchange Commission (SEC) to reject the sale of the small exchange to a group of investors led by the Chinese company Chongqing Casin Enterprise Group (CCEG). "As you know, the Chinese government dominates all sectors of society and consistently fails to abide by international agreements," they wrote. The SEC is expected to announce its decision by August 9.

China may give central bank key role in financial oversight: Bloomberg reports, China is considering handing the nation’s central bank a key role in coordinating financial oversight, in order to focus efforts on reining in risk in the sector. The move, to be debated as part of the fifth National Financial Work Conference due to start on July 14, would create a new office for coordinating the nation’s three main regulatory bodies at the People’s Bank of China to be led by the institution’s governor, currently Zhou Xiaochuan, the people said, who asked not to be named as the matter isn’t public.