Europe

Ahead of tonight's missile launch across Japan, North Korea warned that The UK “faces a miserable end” should it decide to join the joint military exercises being conducted by the US and South Korea that began last week, according to local media reports cited by Russia Today.

The annual Ulchi Freedom Guardian drills, which have been conducted every year since the Korean War ended in an uneasy ceasefire, involve nearly 20,000 troops and have long provoked the ire of North Korea’s leaders.

Authored by Alastair Crooke via ConsortiumNews.com,

America’s Deep State players have tied down President Trump on Russian sanctions and other foreign and economic policies but that doesn’t mean the struggle is over...

President Trump has had his foreign policy hands and feet tied by the Russia (and Iran) Sanctions Act. 

Authored by Christof Gisiger via Finanz Und Wirtschaft,

Anne Stevenson-Yang, co-founder and research director at J Capital, warns that the monster bubble in the Chinese housing market is ripe to pop and that the Chinese currency will crash.

• European shares hit two-week low as euro surges (Reuters)
• Harvey Pounds Texas as Epic Flooding Paralyzes Houston (BBG)
• Gasoline soars and dollar dented as Tropical Storm Harvey rages (Reuters)
• Oil markets roiled as Harvey hits U.S. petroleum industry (Reuters)
• Harvey Shuts Two of the Largest U.S. Ports (BBG)
• Trump’s Pardon of Joe Arpaio Widens Republican Split (WSJ)
• Trump’s Immigration Crackdown Is Making New Homes More Expensive (BBG)
• Trump's firm sought Moscow real estate deal during presidential run (WaPo)

Authored by Pyotr Iskenerov via The Strategic Culture Foundation,

The European Commission is offering European consumers the so-called Southern Gas Corridor, which provides for the supply, in particular, of Azerbaijani and Central Asian gas along the Turkey–Greece–Italy route. The project’s potential participants have their own interests, however, and are divided by long-standing antagonisms that are turning the corridor into a military and political delayed-action mine.