“(…) the reason [ASML and Mistral] are teaming up is ‘because of the focus of Mistral on industrial AI,’ [Fouquet] said.”

Harks back to Hassan II’s reign of terror and the ‘years of lead’

So, they began using live rounds last night… Will probably just inflame things further

Deux morts dans un contexte de violences inédites au Maroc

Which is also why so many groundbreaking new drugs just function by blocking certain proteins or dna strands from replicating, or help the immune system target certain parts of ur own body better (eg, cancerous cell proliferation)

Pretty crazy how many of these ‘end game’ medical mysteries (cancer, ALS, diabetes) are just the body attacking itself www.bloomberg.com/news/article...

on.ft.com/48E8Hdi AI is not killing jobs, finds new US study

With CATL set to resume work at its Jianxiawo lithium mine, more state support for Western mining firms is essential: stockpiles, price floors, etc. www.bloomberg.com/news/article...

Don't think Morocco's seen protests at this scale and intensity even in 2012 Bloomberg - Gen Z Protests Cast Pall Over Morocco’s World Cup Spending Spree www.bloomberg.com/news/article...

The Moroccan regime now has the unenviable job of striking the right balance between police repression and not further fuelling protests. But in the end, Gen Z is the future, while the conservative pro-monarchy elders will dwindle, so the clock is ticking for the ‘makzhen’, and they know it…

More protests in Tanger. These are by far the heaviest protests in Mohammed VI’s 20+ year reign

Natuurlijk is ook een aanklacht tegen de gigantische economische projecten die onder regie v/d koning worden uitgerold. De ironie is dat de jongeren zich beroepen op een koninklijke toespraak uit 2018, waarin de koning zelf sprak over het terechte wantrouwen in de politiek, als rechtvaardiging.

Underreported story: historic protests against the Moroccan monarchy, and a hard police crackdown. Could spiral into something more serious

Sterke @betrouwbarebronnen.bsky.social over fiscaliteit. 4% extra staatsschuld/bnp om current expenditure deficits te financieren is zacht uitgedrukt een merkwaardige keuze, vooral gezien het bredere geopolitieke en macro klimaat…

Shocker

More seriously, the Soviet museum in Berlin is actually pretty impressive. It’s in the old headquarters of the Soviet Military Administration in Germany (1945-1949) and even includes a map signed by Stalin and Ribbentrop:

Soviet general inspecting the 34th artillery regiment during the Battle of Stalingrad (1943, restored in color)

This thread is so good. In the US, the UK, and Australia the centre-left parties find their actual multiracial wine mom laptop class college educated voters cringe, while yearning for the votes of unionised blue collar factory workers who make up 3% of the electorate and mostly hate them.

Gm Berlin

here's me on the ways that music powers One Battle After Another, an incredible movie that i can't wait to see again www.rollingstone.com/tv-movies/tv...

Testing some local German cuisine

It’s so over for Labour

China will be the trade of 2026 www.bloomberg.com/news/article...

The Zucman tax was always going to be the way to go for France. "Nothing is more powerful than an idea whose time has come." www.bloomberg.com/news/article...

Business: famously on the right side of history

An added benefit: it helps Beijing build out domestic futures exchanges and benchmarks, as well as global pricing power, which are currently dominated by the West. It helps to have a state that is actively pursuing industrial development goals…

China earns lots of Dollars from all the stuff it exports. It pegs its currency to USD, so it has to buy lots of Dollars to stop its currency from rising. China used to put those Dollars into US Treasuries, but that isn't a good idea any more. So China builds huge inventories in basic metals...

The only way to structurally fix this is to unify trade, rule-setting, and industrial strategy powers within the European executive and legislative branches

CATL already has sodium-ion batteries that are basically on par with lithium-ion. Specs show they could be produced, at scale, with 100% EU-sourced materials Europe doesnt necessarily have a competitiveness problem — just a lack of clear industrial policy…

Burham is right on the country being in thrall to gilt market. UK has no choice but to accept short-term discomfort if it wants to regain long-term political manoeuvrability…

I really don’t see how Europe’s carmakers can survive without more cross-border horizontal mergers — and yet we’re still waiting for new guidance from Brussels…

The curious case of a crooner-turned-hitman-turned-crooner on.ft.com/3KpTNxq The mafia hitman who dreamt of being a pop star

“We show that the answer is yes in an important subclass of quantitative trade models. This is the consequence of scale economies concentrated in the traded sector. A rise in net exports causes the traded sector to expand, which raises productivity and real income in surplus economies.“ 2/

Just discovered China’s *state-owned* rail app lets you order restaurant food during your trip, which then gets delivered directly to your seat. Why don’t we have this in Europe. Literally what is the point of having this fragmented rail system. We should be able to order pret from the TGV…

An outstanding interview. Patrick Iber of Dissent Magazine has interviewed the legendary Polish political scientist Adam Przeworski about de-democratisation in the USA, and what lessons he’s gleaned from Chile, Peru & beyond. Iber’s questions are stellar. Przeworski’s answers, chillingly candid.

Things have grown so dire in Portland, Oregon that residents may soon face a shortage of artisanal baked goods, almond milk rose petal beetroot lattes, and cold brew mushroom tonic.

Interesting piece on the role of informal arms deals and corruption in French politics newleftreview.org/sidecar/post...

Van de week heb ik een heerlijk gesprek gevoerd met @jaapjansen.bsky.social en @pgkroegerbb.bsky.social over ‘Een links verhaal’, mijn boek over GroenLinks-PvdA.

Let's turn this momentum into more military and economic pressure on Moscow... www.bloomberg.com/news/article...

Europe needs more energy realism chipsgunsandmoney.substack.com/p/europe-nee...

Niet zo lang geleden betekende 'Made in China' vooral: goedkoop. Tegenwoordig staat het juist voor kwaliteit. Een cruciale factor in China's tech-succes is, verrassend genoeg, het Amerikaanse megabedrijf Apple. Hoe dat zit, zie je hier:

Europe should start covertly moving troops and military assets into Ukraine

When I say the US has bet its post-pandemic economy on AI while China has bet its on green energy, this is what I mean: Here, AI related companies account for 75% of S&P 500 returns since ChatGPT's launch. In China, green tech accounts for one quarter of GDP growth.

But still, if I were in no 10 rn, looking at current poll numbers, realistically I’d probably begin with some baby steps to test the waters. Start with signalling, announcing intentions, with clear macro goals, then start with gentle policy measures on the short end of the curve, etc…

Honestly, if BOE and HMT started working together, and did a little bit of financial repression, and Labour used that fiscal space to boost investment and housing construction, I would just see growth going up. Especially if they do it well

“We’ve got to get beyond this thing of being in hock to the bond markets.” Burnham has the right instincts. Who's the sovereign here? www.ft.com/content/7b4a...

on.ft.com/48zfzbP Can Israel go it alone?

It was inevitable. ChatGPT-selected stocks beating professional money managers. @reuters.com www.reuters.com/business/fin...

Already knew before opening the article that Germany’s foreign policy establishment would be the odd one out arguing for a weak response. Just shoot ‘em down… www.bloomberg.com/news/article...