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Boris Johnson plans to build a yacht in the UK Would violate the World Trade Organization agreement Experts warned that his own government was hit last year.

The British Prime Minister announced last month that he hopes that a domestic shipyard will build this 200 million pound ship as the successor to the Royal Yacht Britannia, in order to promote British trade and industry around the world.

However, the construction of the unnamed ship No. 10 in the UK would violate an agreement signed by the UK only eight months ago.

In October last year, when signing the WTO’s “Government Procurement Agreement” covering 48 countries, the ministers failed to exclude civil ship construction from the list of contracts that must be opened to global competition.

Coronavirus Digest

  • The biggest danger is Tokyo Olympics Not athletes and officials from abroad but possible Greater mobility and sociality among locals, Experts warn.Yamada Kazuhiro, President Carlyle’s Japanese companies predict a surge after the pandemic Private equity transactions domestic.

  • we with United Kingdom Airline executives have released Rare Consolidated Appeal Joe Biden and Boris Johnson used this week’s G7 meeting to reopen transatlantic air travel. British travel agencies are losing their homes and facing “Absolute difficulty“With strict restrictions on international travel, industry body Abta warned.

  • we The labor shortage is Hurt independent companies Cannot provide the same incentives as the company.

Follow our live coronavirus blog Here with Sign up For us Coronavirus business update communication.

In the news

G7 targets Amazon in corporate tax plan The Minister of Finance is planning a Raid on Amazon A lucrative cloud computing business to ensure that more corporate taxes are paid under the new G7 global tax rate agreement. Chris Nuttall knows more about the future tax time of big tech companies The latest #techft newsletter. Registration Here.

  • Amazon president out of this world: Jeff Bezos plans to become One of the first civilians to enter space Next month, Blue Origin will make its first manned flight two weeks after he officially steps down as CEO.

Alzheimer’s disease drug approved in the U.S. Regulatory agencies have Approval of the first treatment Although there is scientific debate about whether the drug is effective, it has given the green light for the disease in the past 20 years.The Massachusetts-based biotech company decided to price the treatment at USD 56,000 per year In the world’s largest and most profitable healthcare market, the debate about drug costs has reignited.

Katerra filed for bankruptcy protection backed by SoftBank U.S. construction startups backed by the SoftBank Vision Fund File for bankruptcy Liabilities exceed 1 billion U.S. dollars. It accused Covid-19, the “unexpected bankruptcy” of its former lender, Greensill Capital, and the inability to obtain financing.

Bank of England: Stablecoins must face “difficulties” The Bank of England announced on Monday that stablecoins — cryptocurrencies linked to other assets — must Subject to strict scrutinyThis is the latest sign that regulators are preparing to crack down on digital tokens. For thousands of years, currency has been a store of value, which can reduce transaction costs. Roger Swenson wrote Researcher of Industrial Economic Research Institute. Cryptocurrency has neither.

Apple WWDC 2021 At the annual developer conference, Apple said it would increase User privacy protection Rear Under pressure Experts warn that thousands of applications are continuing to collect data from users who have opted out of tracking. (Reuters, Financial Times)

France fines Google 220 million euros Competition regulator Google fined 220 million euros Abusing its dominant position in the online advertising market and changing its way of operating in the country for three years.

The days to come

Portugal removed from the British green list British tourists returning after 4 am today will have to Isolate for 10 days An additional Covid-19 test was conducted after Portugal was moved to the “Amber List” of tourist destinations in Downing Street.Vaccination will also begin 25 to 29 years old British.

The final appeal of the former Bosnian Serb commander The final judgment is Ratko Mladic’s trial It will be decided today in The Hague. Mladic once appealed a 2017 ruling that found him guilty of war crimes including genocide during the Bosnian War and sentenced him to life imprisonment. (Associated Press)

U.S. economic data Economists predict Bridging the trade gap In April, with the strengthening of reopening, the overall figure is expected to remain high. (Wall Street Journal)

Colonial pipeline chief testifies Joseph Blunt Will testify The ransomware attack was discussed in the U.S. Senate today and before the House of Representatives tomorrow, which forced his company to shut down its fuel supply and pay hackers $4.4 million last month.U.S. officials say they have Recovered USD 2.3 million Pay from the ransom.

Marqeta IPO pricing Debit card company’s initial public offering expires Pricing Because its goal is to complete one of the largest financial technology listings this year.

What are we still reading

How Clean Energy Drives the Commodity Super Cycle As the government launched a large-scale stimulus program focused on job creation and environmental stability, this combination of demand and potential supply shortages has caused many in Wall Street and the City of London to cheer the arrival of the commodity super cycle and ask the following questions: Will copper become the new oil?

Brexit: Can the crux of Northern Ireland be resolved? Britain and the European Union have become In a row Discuss trade rules before this week’s austerity talks and Joe Biden’s arrival in the UK for the G7 summit.As a sign of increasing tension, the capitals of the European Union have fight back Lord David Frost’s recommendations in FT The EU needs to compromise. Financial Times Viewpoint That is, this dispute is not resolved by the United States, but by the protagonist.

  • A successful G7 summit can revive the idea that the West can ally with other democracies to provide global leadership. Gideon Rahman wrote.

British farmers’ concerns about Australia’s trade Downing Street’s decision to provide Australia with a tariff-free trade agreement aroused concerns among British farmers that the opening of free trade with a series of large livestock producing countries might Threaten their way of life.

“Agriculture is vital to many people upstream and downstream. If they sell it, it would be a shame”-Jimmy Ireland, Scottish National Farmers Union

UAE resets its foreign policy for a decade For ten years, the Gulf countries have been part of the Arab world The most muscular regional actors, Using its petrodollars wealth and military power to support allies and weaken the enemy. But after the coronavirus hit its economy and highlighted its links with global trade, the UAE is shifting its focus from strong intervention to “economic” diplomacy.

Minister of Chaos In a new About Boris Johnson -The prime minister opposed the wishes of his advisers-Tom McTag of the Atlantic tried to discover whether the prime minister was “a true populist, or just popular”. (Atlantic)

Comment of the day

Respond to “Don’t let me go back to hard pants five days a week‘:

“Not having to iron is probably the best thing for me to work at Covid from home. When I started going back to the office a few times a week, I felt very depressing when I started the iron for the first time in a year. Also, my shirt seemed to shrink mysteriously Up!” — Adam

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