Italy

Europe: Burkini War Continues

Those in favor of the burkini argue that women should be allowed to wear whatever they choose. Critics of the garment say it is an Islamic religious and political symbol which impedes integration and is incompatible with the liberal principles of secularism and gender equality. In recent months, the debate has added another dimension: public health and hygiene.

Global Market Rout Spreads: VIX Marches Higher As China Stocks, Currency Plunge

The global rout resulting from tensions over the North Korean nuclear standoff continued on Friday following a third day of escalating verbal exchanges between Trump and Kim, with European and Asian shares tumbling as volatility across the globe spiked, with the selloff in US futures continuing albeit at a more modest pace.

World Markets Slide Spooked By Latest N.Korea Statement; Dollar, Gold, Oil Jump

European and Asian market and S&P futures have resumed their slide, as geopolitical tensions between North Korea and the U.S. spiked again overnight after Pyongyang responded to the latest set of warnings by Trump, revealing a plan to fire 4 ballistic missiles at Guam by mid-August. Gold gains for a third day while Brent rose above $53.

Poland May Demand Billions In Reparations From Germany For World War II

More than 72 years after the end of the Second World War, Polish politicians are demanding that Germany pay their country reparations. A research office of Poland’s lower house of parliament, is reviewing whether this would be possible and should be complete by August 11th.

Cafe Brags That It Discriminates Against Men

One cafe owner in Australia is using her success to promote inequality while touting its discriminatory practices: the cafe called Handsome Her only hires women, and also gives preferential seating to women. Men must get to the back of the bus–or cafe, whatever.

Key Events In The Coming Vacation Week: All About Inflation

With the traditional post-payrolls market lull setting in, and most trading desks taking a week or two off, it will be a relatively quiet week with attention turning to inflation data with releases in the US, China, Norway & Switzerland, a key factor as central banks consider if/when to tighten in the near future.

World Stocks Hit Another All-Time High As Crude, Treasurys Drop

World stocks hit a new record high on Monday, as U.S. index futures followed Asian stocks on better-than-expected company earnings and strong US jobs data deflected attention from the rising geopolitical tension over North Korea's nuclear program. European stocks traded near session lows while Crude oil prices fall. The Bloomberg Dollar Spot Index was little changed.

FX Week Ahead Preview: Negative USD Sentiment Tamed For Now

We got some encouraging signs from the latest US payrolls report on Friday, with the earnings component edging up to 0.3% on the month, to lift the year on year rate to 2.5%.  Even so, this is one month's set of data, and is unlikely to convince USD bears that the rate path espoused by the Fed is still firmly 'on track', and in the wake of the numbers, the odds of another 25bp hike by end of year remain close to 50/50.

Bernie Sanders Releases The "Teen Guide To Political Revolution"

"This is a generation that is prepared to think big and move this country in a very different direction [socialism?] than we have been traveling for years. It is especially prepared to reject the value system espoused by Donald Trump [capitalism?]..."

Is There A Relationship Between Coffee Shops And High Rent?

Though while it is common, getting coffee from a coffee shop rather than making it at home can be expensive. It is somewhat of a luxury item. For this reason, some measure of coffee shops could be useful as a barometer of city and neighborhood cost. So, in US cities, are the number of coffee shops and rent prices connected in any way?