Huawei Reprisal, Modi’s Challenge, Trade Deal: Eco Day

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© Reuters. Huawei Reprisal, Modi’s Challenge, Trade Deal: Eco Day© Reuters. Huawei Reprisal, Modi’s Challenge, Trade Deal: Eco Day

(Bloomberg) — Welcome to Monday. Here’s the latest news and analysis from Bloomberg Economics to help you start the week:

  • China’s ambassador to Germany threatened Berlin with retaliation if it excludes Huawei Technologies Co. as a supplier of 5G wireless equipment
  • The U.S. and China agreed to the first phase of a broader trade agreement. No date has yet been set for “phase two,” but President Trump is eager for the next round to start immediately
  • A new law on Indian citizenship is threatening to pull Prime Minister Narendra Modi’s focus away from a flagging economy as protests and criticism builds against the divisive plan
  • Hong Kong’s demonstrators clashed with police late Sunday as Chief Executive Carrie Lam visited Beijing where she’s expected to update Chinese President Xi Jinping and other officials on the protests
  • Sweden’s Riksbank meeting stands to be the most significant central bank decision of the month as it pioneers a shift away from negative interest rates
  • The Bank of Japan will leave monetary policy unchanged this week, and probably for much longer, according to a Bloomberg survey
  • Argentina, the world’s biggest seller of processed soybean meal and oil, raised export taxes on the weekend as the government seeks to fund spending under new President Alberto Fernandez
  • Saudi Arabia’s citizen unemployment rate fell to the lowest in more than three years as the kingdom’s non-oil economy recovers and the expat exodus slows
  • As Hong Kong reels from months of protests that have scared off tourists, smashed retailers and sent the economy into recession, one thing hasn’t wavered — the city’s obsession with real estate
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