Hello! Here’s what’s happening on Monday.
1. US President Donald Trump said trade wars are good. Following news of tariffs on steel and aluminium, the Trump administration clarified it would not be exempting any countries from the tariffs.
2. UK Prime Minister Theresa May defended her “blunt” Brexit speech. Referring to her highly-anticipated Brexit speech on Friday, May urged the EU to “get on with” discussing her vision for economic relations with the UK.
3. South Korea sent an envoy to North Korea to broker dialogue with the US. North Korea said last week it was willing to conduct talks with the US.
4. China’s legislature, the National People’s Congress, began its two week sitting on Monday. The group will vote on a plan to scrap presidential term limits, which Trump has said is “great.”
5. Russia’s President Vladimir Putin said he would “never” extradite Russians accused of interfering in the 2016 US election. Special counsel Robert Mueller indicted 13 Russian nationals last month.
6. German Chancellor Angela Merkel is set to lead her fourth government. The Social Democrats agreed to form a coalition with Merkel’s conservatives, ending a months-long stalemate.
7. Exit polls from Italy’s election shows no party likely winning a majority. The populist Five-Star movement is expected to win the most votes for a single party, but will probably not secure a majority.
8. Evidence is pointing to Amazon choosing Washington, DC, for its new HQ2. Amazon has rapidly expanded its DC lobbying efforts, and CEO Jeff Bezos already owns the district’s largest home.
9. North Korea “laundered” coal through Russia to South Korea. The UN and US ban the export of coal from North Korea to prevent funds being used to develop weapons.
10. Guatemala will relocate its Israel embassy to Jerusalem. Guatemala was one of few countries that backed US President Donald Trump’s December decision to recognize Jerusalem as the capital of Israel.
Business Insider Emails & Alerts
Site highlights each day to your inbox.