FirstFT: EU rejects UK plan to tear up Brexit deal

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Brussels insisted it would not renegotiate the EU’s Brexit deal with the UK after London stoked tensions by launching a bold move to revise trade rules for Northern Ireland .

The resumption of the conflict came as it emerged that British Prime Minister Boris Johnson wanted to renegotiate the so-called Northern Ireland Protocol agreed with Brussels in 2019, even though it was only in force from the start. of the year.

Lord David Frost, Johnson’s Brexit Minister, released a document that proposed dismantling key elements of the protocol, which governs post-Brexit trade with Northern Ireland, including stripping the European Court of Justice of its role control.

Most checks at Irish Sea ports on cargo transiting from Britain to Northern Ireland would be replaced by a new system largely based on the honesty of traders, with spot checks behind the border .

Maros Sefcovic, vice-president of the European Commission in charge of relations with the United Kingdom, declared that Brussels “will not accept a renegotiation of the protocol”. Weeks or months of diplomatic wrangling await us.

Five other articles in the news

1. US and Germany reach truce on Nord Stream 2 pipeline The United States and Germany have reached a deal to resolve their long-standing dispute over the Nord Stream 2 pipeline, including a promise by Berlin to impose sanctions on Russia if Moscow threatens the energy security of its neighbors.

2. Senate Republicans block Biden’s $ 1 billion infrastructure plan in first vote Republicans in the U.S. Senate blocked Joe Biden’s $ 1 billion bipartisan infrastructure package as he faced his first vote in the upper house of Congress, in a setback for the president and his fellow Democrats.

“This move is doomed to fail,” Senate top Republican Mitch McConnell said ahead of the vote © Getty Images

3. Olympic quarantine orders annoy Tokyo athletes and delegates Dozens of self-isolation orders have sparked anxiety among athletes and delegates inside the Tokyo Olympics bubble, fearing they might miss the Games after coming into contact with someone infected with Covid .

4. Floods in China kill a dozen people Severe flooding has killed at least a dozen people in the city of Zhengzhou, in central China. Torrential rains swamped the streets and stranded passengers in metro cars, in what local weather authorities called the worst flooding in the city since 1951.

5. Netflix is ​​losing its subscribers The streaming group lost 430,000 subscribers in the US and Canada in the second quarter and issued weaker-than-expected forecasts, rekindling investor doubts about how the market leader will fare after the economic reopening of the pandemic.

Coronavirus digest

  • Italian football club Inter Milan have announced that they will not travel to Florida to participate in an exhibition football tournament, because of the risks associated with the coronavirus linked to international travel.

  • New York City will require workers in city-run hospitals and clinics to get vaccinated against Covid-19 or take a weekly test.

  • Chicago expanded the number of states on its travel advice list and imposed new restrictions on unvaccinated travelers from Florida, Louisiana and Nevada.

  • that of Tunisia the president has tasked the army with managing the response to the pandemic.

  • Global stock markets rose on Wednesday as strong earnings figures distracted investors from the rapid spread of the Delta Covid-19 variant.

Follow our coronavirus live Blog and Register now for our Coronavirus Business Update newsletter to find out more.

The day to come

Climate change G20 environment ministers start meeting today in Naples, Italy. US Climate Commissioner John Kerry intends to press countries for deeper emission cuts at the meeting, after saying earlier this week that limiting global warming to 1.5 ° C would be a “pipe dream” unless China changed its targets.

  • Notice: The G20 must focus on five key areas to tackle climate change, including a new US position on the carbon tax and collaborative technology research, writes Gillian Tett.

ECB meeting Those responsible for setting interest rates at the European Central Bank are meeting today for their first discussion since they unanimously agreed on a new monetary policy strategy last week. But the ECB’s consensus on its new inflation target, which includes a new 2% target, could dissolve as policymakers discuss changing its guidance on raising interest rates, the Bank has warned. president of the bank Christine Lagarde.

Earnings AT&T is releasing its second quarter results today, after announcing plans to dispose of its media assets in May and chart a new chapter in the telecommunications industry.

What else do we read

Why Trump voters refuse to get vaccinated The pace of vaccinations in U.S. states has become strongly correlated with politics, with Republican voters less likely than Democrats to get a hit. This presents a huge challenge for local health officials in the Red States, as reported by Nikou Asgari of Little Rock, Arkansas.

scatter plot correlation between Trump's share of votes in 2020 and reluctance to get vaccinated, at the state level.  says Trump won a higher percentage of adults say they were

Europe’s Expensive Plan to Reach # 1 Chipmaker The EU is looking to enter the world’s leading semiconductor manufacturing division, with a goal of doubling its share of the global chip market by 2030. But will it end up wasting public money? in pursuit of geopolitical ambitions which might not be supported by market logic?

The fiercest billionaire space race is Bezos vs. Musk Richard Branson isn’t Blue Origin’s main rival as Musk’s SpaceX stays ahead. SpaceX sent astronauts to the International Space Station last year and is targeting a trip around the moon in 2023.

How Israel used NSO spyware as a diplomatic calling card Israeli company assaulted by human rights activists for selling military-grade surveillance software to repressive regimes has played a crucial role in its government’s attempts to woo countries such as United Arab Emirates, Bahrain and Saudi Arabia, revealing the technological unicorn’s close ties to the highest echelons of the Israeli state.

Company values ​​must go beyond buzzwords Official statements of company values ​​are often an infuriating mix of hokum and gibberish. Integrity, innovation, respect, responsibility and sustainability have dominated the list of popular buzzwords for the past two years. Brooke Masters suspects that their popularity lies in the fact that they are extremely difficult to measure.

Automotive

Classic cars, trendy trucks and a fleet of Silver Surfers. How to spend your summer series on the automobile is now available.

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