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Emmanuel Macron will enjoy a rare privilege for a new French president: He’ll be the first in a decade to inherit an economic tailwind. Business confidence and activity are rising, while a relatively weak euro should help exports. Meanwhile, his victory has stoked political debate in neighboring Germany. The left-leaning SPD party there hopes the French outcome will energize its pro-European base to elect Martin Schulz, the former European Parliament president who’s challenging Angela Merkel for the chancellorship on Sept. 24. Schulz argues that Merkel should relax fiscal austerity in Europe. — Andy Reinhardt
Undeterred by Brexit. A Canadian pension fund with £4.6 billion ($6 billion) to spend has chosen London as its European hub. The Public Sector Investment Board manages the savings of Canada’s armed forces, Royal Mounted Police and reserves, and is seeking to hire more London-based executives and investment professionals. The decision comes as more than a quarter of U.K. financial-services firms say they’ll move or rethink their London base because of Brexit, according to EY.
Putin Is Following Trump on Social Media. Vladimir Putin is taking lessons from Donald Trump on how to win at the polls in next year’s election campaign. The Russian president has hired former premier Sergei Kiriyenko to spearhead a micro-targeted social media push inspired by Trump campaign techniques. The effort aims to reach the growing number of Russian voters who say they get their news from sources other than TV.
A Balkan black hole. The sudden collapse of Croatian retailer Agrokor, which had debts of €6 billion ($6.5 billion), is sending shockwaves around the world. The Croatian government has moved local suppliers to the front of the queue for compensation, putting the claims of international giants like Fidelity and Axa at greater risk. Even the government itself could fall after its coalition disintegrated over the Agrokor controversy.
Swedish wind turbines are killing thousands of bats. A study commissioned by the government found that each of the country’s wind turbines kills an average of 10 to 15 bats annually. The animals die while hunting insects that are attracted to the spinning blades. A proposal to halt the turbines on still summer nights would cut less than 1 percent of total output and save almost all of the tens of thousands of bats killed each year.
Pret a Manger sarnies could be worth billions. British sandwich and coffee chain Pret a Manger, which has blanketed the U.K. and New York City with its shops, may be headed for a $2 billion U.S. stock offering. Private equity owner Bridgepoint Advisors is working with investment banks on a potential listing, which could also signal Pret’s interest in further U.S. expansion.
Where to eat in London right now. There are already so many good options, and yet somehow the dining scene is getting better as it grows. Here are 13 picks from our restaurant critic Richard Vines: from Nordic-French to modern Thai street-food, and lots in between.
Compiled by Andy Reinhardt and Leila Taha