What We're Watching: Hong Kong, Rome vs Brussels, Tunisia's President

Hong Kong Protesters Get Violent – As we warned on Friday, the Hong Kong protest story is far from over. Yesterday, on the anniversary of the 1997 handover of Hong Kong from British to Chinese rule, a small faction of protesters broke with the peaceful demonstrations of recent days, battered their way into the Hong Kong legislature building, and vandalized the place. The initial police response involved pepper spray and batons, and then moved to tear gas. We are watching to see if the use of violence by even this small subset of protesters changes perceptions of the movement in Beijing, and perhaps leads to a more decisive crackdown by the Chinese state.

Rome vs Brussels Soon Enough – The European Commission yesterday postponed a decision on whether to punish Rome for its high national debt, after EU leaders failed, in separate talks, to agree on who should lead the next European Commission. The delay heads off a big showdown between Italy's popular rightwing Interior Minister Matteo Salvini – who says he'll quit (maybe triggering new elections) unless he can push through a massive tax cut– and the bean-counters of Brussels, who are nervously adjusting their green visors as Italy's deficit already looks set to exceed the limit of 3 percent of GDP specified by EU rules. Crisis averted for now, but the reprieve may only be temporary.

The Tunisian President's Health – Tunisia, the only country to emerge from the 2011 Arab Spring with a functioning democracy, suffered a scare last week when the country's aging President Beji Caid Essebsi was rushed to the hospital after suffering a "severe health crisis." While the 92-year-old Essebsi is reportedly on the mend, the episode reminded people that there is no clear mechanism for replacing him if he dies -- the court that is empowered to choose an interim replacement hasn't been set up yet because of squabbling between Tunisia's political parties. As Tunisia heads towards national elections this fall, Essebsi's death could plunge the country into major political uncertainty.

What We're Ignoring

Theresa May's Request of Mohammad bin Salman – Lost in the Trump-related news from last weekend's G20 summit was a side meeting in which UK Prime Minister Theresa May urged Saudi Crown Prince Mohammad bin Salman (MBS) to allow a "transparent" legal process to ensure accountability for the murder of journalist Jamal Khashoggi in the Saudi consulate in Istanbul last October. Here are three reasons why we can safely ignore this conversation. One, MBS doesn't seem like a guy who likes to take advice from women. Two, he knows Theresa May will be in a new line of work by the end of this month. Three, why on earth would a Saudi prince want to hold someone accountable for a murder when that someone is all but assuredly… himself?


CORRECTION: The original version of this post misstated the EU fiscal rule as 2 percent of GDP.

In the southern Italian region of Basilicata, home to the Val d'Agri Oil Centre known as COVA, hydrocarbon processing has undergone a radical digital transformation. COVA boasts one of the world's first fully digitized hydrocarbon plants, but why? Two primary reasons: infrastructure and information. Val d'Agri has the largest onshore hydrocarbon deposit in mainland Europe. The site is expansive and highly advanced, and the plant features a sophisticated sensor system built to capture massive amounts of data. Maintenance checks, equipment monitoring, inspections and measurements are tracked in a fully integrated digital system designed to prevent corrosion and ensure cleaner, more sustainable natural gas processing.

Learn more at Eniday: Energy Is A Good Story

For a president gearing up for a fierce re-election fight next year, President Trump has a lot to worry about. Democrats are now taking more of the US political spotlight. The latest opinion polls don't look good for him. There are signs that the strong US economy, Trump's top selling point, may begin to wobble.

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Chinese Pigs – Beyond a trade war with the US and unrest in Hong Kong, now Chinese officials are wrestling with an even more basic political problem. Pork is the favorite meat for many of China's 1.4 billion people, and some analysts treat pork consumption as an important indicator of the financial well-being of China's middle class. A serious outbreak of African Swine Flu is expected to push pork prices 70 percent higher over the second half of this year, which will hit ordinary Chinese pockets hard. By some estimates, half of China pigs have been culled, but there are also reports that some farmers have avoided the expense of slaughtering infected pigs, raising fears that the disease will continue to spread. The central government takes this problem seriously enough to call on local officials to boost large-scale hog farming. So far, China's "Year of the Pig" is just not going well.

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Buy or sell: The iPhone

I'll make both arguments. First, buy. The new iPhone 11 didn't blow people's mind. But it's a pretty good phone. But what is most impressive is they lowered the prices on many of their phones and they offer a really good trade ins. So you can take your old iPhone, trade it in, get a discount on a new one. It's a pretty good deal. On the other hand, if the question is more: Is the iPhone still the unadulterated leader in innovation? Maybe not. The event was not quite as transformative as some of these events have been.

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1.2 million: Surging jihadist terrorism in Burkina Faso has pushed the country to the brink of humanitarian crisis, as attacks displace people from their homes and destroy critical infrastructure and hospitals. According to the International Committee of the Red Cross, 1.2 million Burkinabe are threatened with famine and malnutrition, and access to healthcare has dwindled. Experts say the violence is a spillover from the scourge of jihadism in neighboring Mali.

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