The EU could collapse in the same way the Soviet Union did, George Soros warns

“Unfortunately, anti-European forces will enjoy a competitive advantage in the balloting. There are several reasons for this, including the outdated party system that prevails in most European countries, the practical impossibility of treaty change, and the lack of legal tools for disciplining member states that violate the principles on which the European Union was founded,” he said. Source: CNBC

Egyptian billionaire: Trump is right about China

  • Egyptian billionaire Naguib Sawiris said “President Trump is right” in saying that China has taken advantage of other countries.
  • Still, he said, the leadership in Beijing seems willing to make what changes it can and there’s likely to be some resolution to the ongoing U.S.-China trade war.
  • However, Sawiris said other countries are “justified” in their concerns that Chinese telecommunications equipment maker Huawei could be a security risk.

Source: CNBC