- Reuters/Lawrence Bryant
Good morning! Here’s what you need to know.
1. The first far-right party set to enter Germany’s parliament for more than a half a century says it will press for Chancellor Angela Merkel to be “severely punished” for opening the door to refugees and migrants. The Alternative for Germany (AfD) could become the third largest party with up to 12% of the vote on Sept. 24, polls show.
2. Startup bank Monzo is doing away with one of its most popular features – unlimited free ATM withdrawals overseas. The company, which offers a prepaid money card and is rolling out current accounts, is asking its customers to choose the best new charging option for ATM fees abroad, saying its existing policy has become simply too costly to continue.
3. Qatar’s defense minister has signed a letter of intent to purchase 24 Typhoon jets from British defense group BAE Systems, in a move that could anger other Gulf countries boycotting Doha. Saudi Arabia, the UAE, Egypt and Bahrain cut diplomatic and trade links with Qatar on June 5.
4. Former Prime Minister Silvio Berlusconi, 81, marked a formal return to Italy’s political stage, portraying himself as a pro-European moderate. Speaking at a meeting of his Forza Italia (Go Italy) party, Berlusconi said he wanted to lead the group into the national ballot, which is expected by next March.
5. Volkswagen is a “second mover” in electrified commercial vehicles, after lagging companies such as Tesla in putting them on the road, the head of VW’s trucks business told a German newspaper. He said Volkswagen had emissions-free alternatives to conventional trucks and buses on offer.
6. Home Secretary Amber Rudd said on Sunday that Boris Johnson was not starting a leadership bid by setting out his plans for Brexit in a newspaper article, adding that his intervention was “absolutely fine”. A week before Prime Minister Theresa May sets out her vision for Brexit in a speech in the Italian city of Florence, Johnson, the foreign secretary, published a newspaper article that roamed well beyond his ministerial brief.
7. Beijing will suspend construction of major public projects in the city this winter in an effort to improve the capital’s notorious air quality. All construction of road and water projects, as well as demolition of housing, will be banned from Nov. 15 to March 15 within the city’s six major districts and surrounding suburbs, said the Xinhua report.
8. Spain’s paramilitary national police force says its agents have confiscated more than 1.3 million posters, flyers and pamphlets promoting the planned independence referendum by Catalonia’s regional government. The Civil Guard said the campaign literature was seized on Sunday during raids of an unnamed business in Barcelona province that distributes advertising material.
9. Dirk Jeschke, a former portfolio manager at Paul Tudor Jones’ hedge fund firm, is prepping a hedge fund in London for early next year. Jeschke, 32, is planning a macro fund that will, among other things, emphasize medium- to long-term systematic macro strategies. He plans to launch the fund in the first or second quarter of next year.
10. China will strengthen its supervision of overseas investment risks and capital flows from insurance funds, the insurance regulator said on Monday. China has cracked down this year on “irrational” overseas investment which it suspected was one way of disguising capital flight as the yuan currency weakened.