Photographer: EMMANUEL DUNAND/AF.
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Brexit negotiations are finally under way, virtually a year after Britain’s vote to leave the European Union. Michel Barnier’s EU team will take on David Davis and the U.K. squad, with the opening round perhaps defined by how the top men spent their weekends. Prime Minister Theresa May. Here’s a handy guide to what to expect, and here’s how the pound could react. — Siraj Datoo
Terror in London. Again. U.K. police launched their fourth major terrorism investigation in three months after a 48-year-old man driving a white van plowed into a group of Muslims leaving a mosque after late-night prayers in Finsbury Park, north London. One man was killed and 10 others were injured.
Turning against Facebook. News outlets are complaining that the technology giant’s battle to compete with YouTube isn’t mutually beneficial. Facebook wants media companies to provide TV-quality, original edited video, with publishers sharing in the ad revenue. But Facebook will control the sales.
Taking on the establishment. The political party of French President Emmanuel Macron is barely a year old, yet it’s just won the largest parliamentary majority of any sort since 2002. Republic on the Move and its allies claimed 350 of 577 seats, meaning Macron should easily be able to pass his reform programs. Here’s how he pulled it off.
Pointing the finger. The diplomatic crisis between Gulf monarchies kicked off its third week with Qatar’s ambassador to the United States accusing the United Arab Emirates and Saudi Arabia of committing the same sin they’re boycotting his country for— supporting terrorism. “Emiratis, not Qataris, were among the hijackers who flew planes into the Twin Towers,” Sheikh Meshal bin Hamad Al Thani wrote in an opinion piece.
London cuts prices. Home-sellers dropped their asking prices for the second time in three months, property listing site Rightmove said. Coupled with waning buyer interest, there’s a strong hint that the slowdown will continue.
Beating the banks. XTX Markets is a tiny London currency trader that’s less than two years old and has no human traders. It made its name at home by beating the big banks, and now it’s preparing to take on the biggest market of all. The firm is opening a Manhattan office, has made a high-profile hire, and is counting on “smart, not fast” algorithms to give it an edge in the U.S.
Compiled by Siraj Datoo and Leila Taha