Italy’s populist government has rejected the European Union’s (EU) latest migration plan, refusing to take in illegal migrants travelling by sea, as Libya rejects processing centres inside its borders.

The developments represent a major setback for the bloc, which recently agreed to create “disembarkation platforms” outside the EU to process migrants after Italy closed its ports to NGO ships ferrying illegal migrants over the sea from smuggler boats near the African coast.

“Italy does not want to be the only country where migrants… disembark,” Foreign Minister Enzo Moavero Milanesi wrote in a letter to EU foreign policy boss Federica Mogherini, adding that European leaders should persuade the countries the migrants come from to stop them embarking in the first place.

https://www.breitbart.com/london/2018/07/22/italy-and-libya-reject-eus-latest-migrant-crisis-strategy/

The Yen-Bitcoin Carry Trade

Japan Legalization a Gamechanger

According to Trace, this was all set in motion just last month when Japan officially recognized bitcoin and other cryptocurrencies as legal payment methods, which set off a flurry of buying in the cryptocurrency space. Trace again:

http://www.financialsense.com/trace-mayer/yen-bitcoin-carry-trade?utm_source=newsletter&utm_medium=email&utm_campaign=weekly

China’s building a mega city from scratch – it’s going to suck in lots of steel, copper

Xiongan New Area is designed to relieve the pressure on Beijing which is being choked by overcrowding, pollution and traffic congestion. The central government will relocate many state-owned companies and institutions including universities to Xiongan. By linking the new city to Tainjin authorities hope it will become an engine of growth to rival Shenzen (the first Special Economic Zone created in 1980) in the Pearl River delta, as well as Shanghai and the Yangtze River delta megalopolis.

http://www.mining.com/chinas-building-mega-city-scratch-going-suck-lots-steel-copper/?utm_source=digest-en-mining-170521&utm_medium=email&utm_campaign=digest