Thursday Morning Briefing: Trump impeachment hearings focus on Ukraine pressure campaign in first day

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The top U.S. diplomat in Ukraine, testifying in the first televised hearing of the impeachment inquiry against President Donald Trump, linked him more directly to a pressure campaign on Ukraine to conduct investigations that would benefit him politically. William Taylor was one of two career diplomats who testified before the House of Representatives Intelligence Committe.

President Donald Trump on Wednesday pushed Turkish President Tayyip Erdogan to walk away from the purchase of a Russian missile defense system, calling it a “very serious challenge” to bilateral ties, even though he described a meeting between the two leaders as “wonderful.” After the much anticipated meeting, Trump said he was “a great fan” of the Turkish leader.

China and the United States are holding “in-depth” discussions on a first phase trade agreement, and canceling tariffs is an important condition to reaching a deal, the Chinese commerce ministry said on Thursday. On Tuesday, President Donald Trump said a trade deal with China was “close” but offered no details.

Extreme floods in Venice, fires in Australia and even an outbreak of plague in China have been attributed to climate change this week, while researchers have warned that global warming could saddle future generations with life-long illness. Venice declared a state of emergency on Wednesday after “apocalyptic” floods swept through the lagoon city, flooding its historic basilica.

World

Pro-democracy protesters paralyzed parts of Hong Kong for a fourth day on Thursday, forcing schools to close and blocking highways as students built barricades and stockpiled makeshift weapons, setting the stage for campus showdowns. Police said Chinese University, in the New Territories, had become a “weapons factory and an arsenal” with bows and arrows and catapults.

Bolivian security forces clashed on the streets of La Paz with supporters of unseated president Evo Morales on Wednesday, firing tear gas to clear crowds who hurled rocks and set fires in a test to Bolivia’s new interim leader.

Palestinian militant group Islamic Jihad and Israel declared a halt to hostilities across the Gaza Strip border on Thursday but a lasting ceasefire appeared tenuous as they differed on terms. The Egyptian-mediated truce went into effect about 48 hours after Israel triggered the exchange of fire by killing the Iranian-backed faction’s top Gaza commander in an air strike, deeming him an imminent threat.

Britain is threatening to deport European Union citizens if they fail to apply on time for a new immigration status after Brexit and will only grant leniency in exceptional circumstances, according to people briefed on the plans. In previously unreported guidelines, the government has drafted a narrow list of exemptions, such as those with a physical or mental incapacity, or children whose parents fail to apply on their behalf.

Business

In swaps we trust? Disappearing dollars drive currency trading dependence

As dollars dry up, global finance is growing increasingly dependent on opaque currency trading to keep cash flowing.

8 min read

German automation talent powers Musk's battery move to Europe

To unclog bottlenecks last year at his Tesla plant in California, Elon Musk flew in six planeloads of new robots and equipment from Germany to speed up battery production for its Model 3. Now the Tesla CEO is trying to tap that German automation ecosystem directly.

5 min read

Alibaba to pioneer paperless listing in break with Hong Kong norm

Alibaba’s planned $13.4 billion share sale will be Hong Kong’s first paperless stock market listing, a source with knowledge of the matter said, breaking with a long-held tradition of investors placing stock orders in bank branches.

3 min read

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