Welcome to the Brussels Edition, Bloomberg's daily briefing on what matters most in the heart of the European Union. As the pandemic shatters the world order, the new fault lines will be laid bare this week in the first meeting of the World Health Organization's governing body since the Covid-19 outbreak began. Anger in some countries over China's response is still fresh, and will likely play out with the U.S. attacking Beijing, and the European Union and Australia pushing for a probe into the virus's origin. The EU will also demand that any vaccine is globally available, amid growing concerns that some nations will try to corner early supplies, leaving others behind. — Nikos Chrysoloras What's Happening Virus Update | Europe is poised to embark on a period of uneasy coexistence with the coronavirus, with countries gently reviving shuttered economies. Italian shops are the latest to be cleared for reopening, though for many it's too late. Here's the latest. Conte's Mystique | Giuseppe Conte has no power base of his own and has looked out of his depth at key moments of the crisis. And yet, as he gives Italians more freedoms after more than two months of lockdown, the prime minister is the most popular politician in the country, John Follain reports. Facebook Face-Time | Facebook Chief Executive Officer Mark Zuckerberg and EU Industry Commissioner Thierry Breton meet again — and this time the world can watch. After a first face-to-face in February, the two will hold a debate streamed online on the role of platforms in managing Covid-19. The social media giant is battling violent hate speech, disinformation and fraudulent posts related to the pandemic. Greening the ECB | A report today highlights that polluting companies account for 63% of the European Central Bank's corporate-asset purchases. The analysis from Reclaim Finance adds to a growing chorus of academic and civil society groups urging the ECB to purge bonds of climate polluters from its balance sheet.
Migration Surge | As the pandemic hits African economies, Libya's southern border is getting busier and alarm bells are ringing in European capitals. Caroline Alexander interviewed Libyan smugglers and brings you the latest from the migration front. In Case You Missed It Mykonos Blues | The pandemic dealt an unprecedented blow to tourism in Europe, hammering sales and putting millions of jobs at risk in a sector that accounts for about 10% of the economy. We explore how governments across the continent are seeking to save the summer without risking a resurgence of the disease. Brexit Bet | Talks between the U.K. and the EU over their post-Brexit relationship appear stalled, with no progress whatsoever made since January. But Brussels is betting that British Prime Minister Boris Johnson wants a trade deal so much he will — eventually — compromise to get one, Ian Wishart reports. Unlikely Saviors | With its economy crashing, Italy is turning to an unlikely source to rescue its harvests of fresh food: illegal immigrants. Like much of Europe, the nation is a facing a massive seasonal labor shortage. Rainy-Day Fund | An unprecedented global economic crisis isn't such a huge problem for this European country. Thanks to prudent decisions made more than 50 years ago, Norway has a $1 trillion buffer to weather the storm and offer lessons in inter-generational justice for the rest of us. Sizzling Continent | Europe is set for a sweltering and tinder dry summer this year, posing trouble for farmers, utilities and transportation on inland waterways.The EU's Copernicus Climate Change Service forecasts abnormally high temperatures and drought, in a stark reminder that the pandemic hasn't stopped catastrophic climate change. Chart of the Day Employment in the euro area shrank 0.2% in the three months through March, the first decline since 2013. With lockdown measures only coming into effect in the final weeks of the quarter, the data offer an early flavor of the economic damage from the coronavirus outbreak. Today's Agenda All times CET. Like the Brussels Edition? Don't keep it to yourself. Colleagues and friends can sign up here. We also publish the Brexit Bulletin, a daily briefing on the latest on the U.K.'s departure from the EU. For even more: Subscribe to Bloomberg All Access for full global news coverage and two in-depth daily newsletters, The Bloomberg Open and The Bloomberg Close. How are we doing? We want to hear what you think about this newsletter. Let our Brussels bureau chief know. |
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