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European Union leaders including U.K. Prime Minister Theresa May gather in Brussels this evening for a summit that could fairly crackle with tension. They’ll be looking to May for clarification on Britain’s Brexit policy, including her proposals for EU nationals after Brexit. New French President Emmanuel Macron will bring to his first summit a message about populism and workers’ rights. And Eastern European leaders will be looking to settle a dustup with Macron. — Andy Reinhardt
Leaving on a down note. Airbus sales chief John Leahy conceded defeat to Boeing at his last European air show, marking a rare show of humility from the American who racked up $1.7 trillion of jet orders over two decades. Airbus had no new models on offer, while Boeing booked more than 300 orders for a new 737. “Every dog gets his day,” Leahy said.
Is your job at risk? Automation has always put humans out of work. But experts think the next wave of technology — robots and artificial intelligence — could eliminate as many as half of today’s U.S. jobs. The same effect will occur throughout the developed world, but the impact will be unevenly spread among professions. How threatened is your job?
Erdogan’s not-so-invisible hand. Turkey’s president isn’t content to let the free market dictate his political fate. He has rushed out about $50 billion of loans to almost 300,000 businesses, with little transparency, since last year’s failed coup. Analysts say he’s risking his country’s future stability by flooding the economy with credit to engineer short-term growth.
Looted art. A court in Washington rejected a request by Hungary to throw out a lawsuit seeking the return of 40 works of art stolen by the Nazis. Assembled by Baron Mor Lipot Herzog, the collection included more than 2,000 pieces by artists like El Greco, Velazquez, Renoir and Monet. It’s now in the possession of Hungarian museums and a university. The ruling brings the Herzog family one step closer to recovering the art.
China regains a taste for luxury. Swiss watch exports jumped the most in four years as a revival in Chinese demand more than offset a continuing sales slump in the U.S. The gain adds to evidence that the worst may be behind the watch industry, which has been hit by China’s slowdown and reduced tourism to Europe.
The anti-cruise ship. The Ritz-Carlton Yacht Collection is trying to create a seafaring experience that is the antithesis of conventional cruises. Three small, ultra-luxury ships will offer laid-back itineraries and spacious, open designs. Conceived by Tillberg Design of Sweden, the first ship will make its maiden voyage in late 2019.
Compiled by Andy Reinhardt and Leila Taha