Europe

And the hits keep coming for the unicornest unicorn in all of unicorn-land...

First, for those hoping for a 'return of the king' moment, Recode reports that Travis Kalanick is not coming back as CEO of Uber. That's according to board member Garrett Camp, who sent an email to employees yesterday, addressing recent reports that Kalanick was “Steve Jobs-ing it” and attempting a comeback; the Uber board is said to have narrowed down its search for a replacement to four people.

Authored by Jeffrey Snyder via Alhambra Investment Partners,

The mainstream media is about to be presented with another (small) gift. In its quest to discredit populism, the condition of inflation has become paramount for largely the right reasons (accidents do happen). In the context of the macro economy of 2017, inflation isn’t really about consumer prices except as a broad gauge of hidden monetary conditions.

As deep cracks have emerged in the formerly pristine diplomatic relations between Poland and the EU over the past few months, some burried ghosts from Europe's past are making an unexpected come back.

Authored by Curt Mills via National Interest,

In comprehensively punishing Moscow, Washington risks further cleaving itself from senior European leadership.

Just as we warned, the EM exuberance has faded and China's torrid trade growth has suddenly slowed dramatically. Offshore Yuan is spiking after both China Imports and Exports dramatically missed expectations.

China customs administration announces data in yuan terms in statement: