January 31, 2020
United States:
Trump Acquittal Near With Senate Likely to Deny Witnesses
“The most consequential day in Donald Trump’s impeachment trial begins in the Senate on Friday, with Republican leaders likely to muster enough votes to block witnesses and rapidly move to acquit the president. The decision late Thursday by Senator Lamar Alexander of Tennessee, a Republican who had been considered a potential supporter of testimony, to vote against new evidence largely dashed Democrats hopes of prevailing. His announcement is a victory for Trump’s legal team and, especially, Senate Majority Leader Mitch McConnell, who had been steering the trial to a quick conclusion after two weeks of debate and questioning.”
Europe:
France, Italy Drag Euro-Area Economy to Worst Quarter Since 2013
“The euro-area economy barely grew at the end of 2019 as unexpected contractions in France and Italy dealt the bloc its weakest quarter in almost seven years. The surprise slump in two of the region’s biggest nations is yet another blow for their governments. President Emmanuel Macron is already under fire amid protests over controversial pension reforms, while Italy’s fragile coalition is scarred by internal skirmishes.”
Asia:
At Least Two-Thirds of China Economy to Stay Shut Next Week
“More than a dozen Chinese provinces announced an extension of the current Lunar New Year holiday by more than a week as the nation attempts to halt the spread of the novel coronavirus that has killed hundreds of people and sickened thousands. Fourteen provinces and cities have said businesses need not start operations until at least the second week of February. They accounted for almost 69% of China’s gross domestic product in 2019, according to Bloomberg calculations.”
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