A South African pact with Russia’s Rosatom to build nuclear reactors was deemed unlawful by a High Court on Wednesday, casting fresh doubt over the country’s energy plans.

Operator of Africa’s only nuclear power station, Eskom wants to add 9,600 megawatts (MW) of nuclear capacity — equivalent to up to 10 nuclear reactors — to help wean the economy off of polluting coal in what could one of the world’s biggest nuclear contracts in decades.

South Africa and Russia signed an Intergovernmental Agreement (IGA) in 2014 that sealed a cooperation pact between state-owned nuclear group Rosatom and state-owned utility Eskom.

Judge Lee Bozalek said any request for information to kickstart the procurement process was set aside as was the cooperation pact. The deal had included a favorable tax regime for Russia and placed heavy financial obligations on South Africa, Bozalek said.

“Seen as a whole, the Russian IGA stands well outside the category of a broad nuclear cooperation agreement, and at the very least, sets the parties well on their way to a binding, exclusive agreement in relation to the procurement of new reactor plants from that particular country,” Bozalek said.

The Southern African Faith Communities Environment Institute (SAFCEI) and Earthlife Africa-Johannesburg had jointly filed the court application to stop the nuclear program.

“There are no more secret deals and everything has to be done in the open,” said SAFCEI spokeswoman Liz McDaid.

It was not immediately clear whether the government would appeal the ruling. The Department of Energy declined to comment.

The government has downplayed the agreement with Russia, saying it was not a final contract and that an open tender process would still be conducted.

The head of South African nuclear state agency Necsa said last year that Rosatom is not the frontrunner and that the tender would be open to all bidders.

Eskom Chief Nuclear Officer Dave Nicholls said: “We haven’t been through the judgement yet so we can’t comment.”

Rosatom officials in Moscow were not available for immediate comment.

An official at Rosatom’s regional office in Johannesburg said the company “could not comment on legal disputes between South African entities that do not directly involve us.”

Nuclear option

After the 2011 nuclear disaster in Fukushima led many countries to cut back nuclear programs, South Africa is one of the few still considering a major new reactor project and the tender is eagerly awaited by manufacturers from South Korea, France, the United States and China.

With U.S. firm Westinghouse in Chapter 11 proceedings and France’s Areva being restructured, Rosatom’s two main competitors are hamstrung by financial difficulties, boosting the Russian firm’s chances.

China has little experience building reactors abroad and Korea’s KEPCO has only one major foreign reactor contract, in the United Arab Emirates.

France, which built South Africa’s two existing reactors, is keen to stay in the race and utility EDF – which is taking over Areva’s reactor manufacturing unit – said last month it would respond to the South Africa’s “request for information.”

With Eskom set to decommission 34 gigawatts of coal-fired power generation over the next 20 years and a lack of large-scale hydro or natural gas plans, nuclear is the best alternative, Eskom’s Nicholls said in an opinion piece in the Sunday Times.

Some economists, however, have questioned whether the country’s ailing economy can afford a nuclear building program they estimate could cost around 1 trillion rand ($76 billion).

Rating agencies S&P Global and Fitch downgraded South Africa’s credit to junk this month over the firing of finance minister Pravin Gordhan, saying the move risked changes to government policy.

Some pundits say Gordhan was axed partly because he resisted pressured by a faction allied to President Jacob Zuma, which criticised Gordhan’s plans to block spending on nuclear expansion.

New Finance Minister Malusi Gigaba has said nuclear expansion will only be pursued if it is affordable.

“This is most probably just another bump in the road and nothing is going to derail the nuclear program,” said Travis Hough, business unit leader for energy & environment at consultancy Frost & Sullivan Africa.
…

Turkish warplanes hit Kurdish militant targets in northern Iraq on Wednesday and killed six militants, the military said, in a second day of cross-border raids.

A military statement said the air strikes targeted the Zap region, the Turkish name for a river which flows across the Turkish-Iraqi border and is known as Zab in Iraq.

The air strikes hit “two hiding places and one shelter, and killed six separatist terrorist organization militants who were understood to be preparing an attack,” the statement said.

The raids were part of a widening campaign against the outlawed Kurdistan Workers Party (PKK) which has also hit other Kurdish fighters inside Iraq – apparently by accident.

On Tuesday, Turkish planes bombed Kurdish targets in Iraq’s Sinjar region and northeast Syria, killing about 70 militants inside the two neighboring states, according to a Turkish military statement.

The United States expressed “deep concern” over those air strikes and said they were not authorized by the U.S.-led coalition fighting Islamic State.

Five members of the Iraqi Kurdish peshmerga forces, which are also deployed in Sinjar, were killed. Kurdish authorities who run their own autonomous region in north Iraq enjoy good relation with Turkey and, like Ankara, oppose the presence of a PKK affiliate in Sinjar.

Turkish President Tayyip Erdogan on Tuesday told Reuters that he would not allow Sinjar to become a PKK base, adding that Ankara informed its partners including the United States, Russia and Iraqi Kurdish authorities ahead of the operation.

On Wednesday, Turkish foreign ministry spokesman Huseyin Muftuoglu said the parties were informed through both military and diplomatic channels.

Turkey had passed on information to the United States and Russian military attaches in Ankara, Muftuoglu said, and Turkish army chief Hulusi Akar also held a telephone conversation with his U.S. and Russian counterparts.

The Combined Air Operations Center in Qatar, responsible for providing command and air control in regions including Iraq and Syria, was also informed in advance, Muftuoglu said.

Designated a terrorist group by Turkey, the United States and the European Union, the PKK has waged a three-decade insurgency against the Turkish state for Kurdish autonomy. More than 40,000 people have been killed in the conflict, most of them Kurds.

The army also reported on Wednesday cross-border mortar fire from two areas inside Syria — one believed to be under the control of Syrian government forces and the other by Kurdish YPG militants. It said there were no casualties, and it retaliated.

 
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The European Union has launched legal action against Hungary over a new higher education law that critics say is aimed at shutting down a university founded by billionaire philanthropist George Soros.

European Commission President Valdis Dombrovskis said Wednesday that the EU’s executive arm has sent a “letter of formal notice” to Prime Minister Viktor Orban’s government, which is a first step in legal action.

Dombrovskis said the move is based on “an in-depth legal assessment.”

The Commission believes the law could infringe on European rights to provide services, but also on academic freedoms and the right to an education.

The Hungarian government will have one month to respond, and based on Budapest’s reaction, the Commission will consider what steps to take next.

The higher education law was approved earlier this month. The president of the Soros-backed Central European University says it means that his campus in Budapest might not be able to accept new students after Jan. 1.

“My institution has a gun pointed to its head,” CEU President Michael Ignatieff said Tuesday as he sought support at the European Parliament.

Orban says the CEU is “cheating” because it issues diplomas accepted both in the United States and in Hungary, where it has been operating since 1993. The university is accredited in New York state but has no campus there.

Orban says this gives it an unfair advantage over other Hungarian universities, but has denied that he wants to shut it down.

The Hungarian leader will face his critics in the European Parliament later Wednesday as EU lawmakers debate concerns about his country, including a “Let’s Stop Brussels” campaign aimed at highlighting what he says is an EU power grab.

Given the legal action, a showdown seems likely between Orban and Commission First Vice President Frans Timmermans, who will address lawmakers just before him.

 
…

It was the most stunning political victory of the 21st century, one that brought shocked concern in many parts of the world and cheers in others. One uncontroversial certainty was that it would cause reverberations around the globe.

Donald Trump campaigned on an “America First” platform, but has found himself as president drawn into thorny geopolitical complexities aplenty in the first 100 days of his administration. Relations with Russia plummeted to “an all-time low,” as Trump himself described it, in the wake of the U.S. missile strikes on the Syrian government’s airfield in response to a deadly chemical attack. The administration’s Syria policy and how to handle President Bashar al-Assad seesawed.

A window of opportunity appeared with China after Trump hosted President Xi Jinping for a summit at his Florida estate, but tensions on the Korean Peninsula soared over North Korea’s nuclear program. Mexico showed consternation and agitation over the president’s planned border wall, but gave no sign it would pay for the structure as Trump had repeatedly promised voters.

Trump’s travel ban rocked refugees and asylum-seekers in several Muslim-majority nations, though it was blocked by federal courts at home. There were echoes of darker U.S.-Iran days, but nothing yet that would derail the landmark nuclear deal, as the decades-long Israeli-Palestinian conflict continued to simmer.

Associated Press journalists in North Korea, Syria, Iran, Somalia, Israel, the West Bank, Russia, Germany and Mexico have gauged the global temperature by asking people five questions:

Do you feel more secure under a Trump presidency, or in danger?

Yuliya Konyakhina, Moscow: “I have a feeling that the world became more dangerous in general, not because Trump got elected, but in general it (the world) became more dangerous. When I go down to a metro I have sort of thoughts that something bad can happen.”

Shahrzad Ebrahimi, Tehran, Iran: “[The world] is 100 percent a more dangerous place. The U.S. threats to the world had been lessened during [Barack] Obama’s presidency and policies of that country were based on moving toward peace for at least eight years. But as soon as Trump took office, demonstrations began against him and the situations in Syria, Palestine, bombings, military and war threats all got worse. The more he sticks with his current policies, the more insecure and non-peaceful the world, especially the Middle East, will become. As you can see, now he is exchanging verbal blows with North Korea. Sometimes one can assume that this situation can even trigger a third world war.”  

Kim Hyang Byol, Pyongyang, North Korea: “It’s coming to 100 days since Trump became president, but we don’t care who the president is. The problem is whether they’re going to stop their hostile policy against North Korea, and whether they will do anything to help us reunify our country.”

Rustam Magamedov, Moscow: “[Trump is] agent provocateur, but in reality, he is just a good showman, as they say in the U.S. The fact that he became a president is rather scary, because he can start a war. It seems like that he is already moving toward the Korean borders. I think it is dangerous, first of all for Russia, because as a president and politician he is a bad person, a bad politician who has little understanding of politics.

Dan Mirkin, Tel Aviv, Israel: “Yeah, well maybe a little bit more dangerous. But I think that the steps that he took should have been taken a long time ago. And if it became more dangerous, then it’s not only because of Trump. Although, he has other drawbacks.”

Is the Trump administration more bark than bite?

Diane Lallouz, Tel Aviv: “It’s true that Donald Trump has a loud bark and you can say it’s more bark than bite. But, not really. It’s enough that he takes a few actions as opposed to not doing anything. He talks a lot, sometimes way too much and right off the sleeve without actually thinking about it and that may be a problem. But, at least the world knows that Donald Trump is going to take action when required.”

Raya Sauerbrun, Tel Aviv: “If it’s barking or if it’s doing, at least it shows that it’s doing something.  If it will sustain for a long time, we don’t know.”

Mohamed Shire, Mogadishu, Somalia: “This might be a new step; this might be a new strategy. We probably have to wait and see, but I think the United States administration needs to be very careful in just getting involved in Somalia without having a clear strategy and program that they align with the current Somali government.”

Yadollah Sobhani, Tehran: “Trump comes out with a lot of hype at first but eventually backs down from some of his stances on issues such as Russia, Middle East, Syria and so on. His inconsistent actions have proven that his bark is worse than his bite and he should not be taken very seriously.”

Majed Mokheiber, Damascus, Syria: “This is why we cannot predict whether there will be stability or more military security. In addition to that, we see that there are military tension spots around the world in other areas such as North Korea … that frankly may lead to a big explosion and a world war.”

Juan Pablo Bolanos, Mexico City: “I think it’s a bit of both. On the issue of sending Mexicans back, it is being fulfilled by the guy, Trump, and on the issue of building the wall, I definitely think he will not achieve it.”

Has Trump changed your views about America?

Ra So Yon, Pyongyang, North Korea: “After Trump became president, there has been no improvement in America’s image. If America doesn’t stop its aggression against us and pressure on us, then we’ll never have any good image of America; it will only get worse. We’ll never be surprised, whatever America does. And we’re not expecting any surprises from Trump.”

Yuri (no last name given), Moscow: “Nothing actually had changed, for real. Nothing had changed in Russian-American relations. They aren’t our friends or enemies. Geopolitical enemies, maybe, that’s it.”

Margret Machner, Berlin: “My trust at the moment is a lot less than it was earlier. One had the feeling that America was a strong, safe partner and I do not believe this anymore.”

Dan Mirkin, Tel Aviv: “I think that the U.S. remains the beacon of democracy because the U.S. itself is much more than its president. The president can be less or more of a beacon. But, America is a beacon.”

Hamza Abu Maria, Hebron, West Bank: “I’m about 30 years old, and since I grew up and started to understand and follow news, I don’t think the United States up until today was a beacon of democracy. If it was truly democratic, then from a long time ago they would have done justice to the Palestinian people.”

Mohammad Ali, Damascus: “We should never bet on any American administration, either Republican or Democrat. It’s the same front, supposedly to fight terrorism, but they didn’t do any of that. Instead they carried out an aggression against a sovereign state, which is Syria. They attacked Syria and they attacked the air base of a sovereign state and a member of the Arab League.”

Deqo Salaad, Mogadishu: “The U.S. was once both the beacon of democracy and human rights, but nowadays, a big change has happened as we can see more segregation committed by President Trump, especially when he said he was going to ban Muslims coming to the U.S. And with that, he has damaged the reputation of the U.S. of being the beacon of democracy and human rights in this world that the U.S. government promoted for ages now.”

Are we now living in a “post-truth” world?

Diane Lallouz, Tel Aviv: “I don’t think that we’re existing in a post-truth world and I don’t think that the way we consume information has anything to do with Trump. Actually over the last several decades we are getting information more and more on social media, so people are getting small amounts of information. Not too much real knowledge and that’s part of the problem. People are making judgments based on tiny amounts of truth or half-truth or non-truths, and it’s impossible to know, by the social media, what is really true. Is Trump the cause of this? I don’t think so. I think Trump is just a part of the picture that we live in today.”

Dan Mirkin, Tel Aviv: “I don’t think it affects the way that I consume information but it certainly changes the way in which the information is delivered, and the fact of alternative truth, alternative facts is a new invention, so we have to apply filters more than before.”

Mahmoud Draghmeh, Nablus, West Bank: “The world is far from the truth, despite the fact the technological development helped the news to reach. But I think that there is a distance from the truth, because the media, with all my respect to the different media outlets, everyone adopts his idea and exports it to the world.”

What has surprised you about President Trump?

Ute Hubner, Berlin: “I find he is very honest – more honest than I thought in the sense that a lot isn’t pushed under the table. He says it like it is, while here in our case so much is said and talked about that “everything is fine, wonderful and all is good,” while we know that the reality is more often than not something else.”

Fatmeh (full name not given) Damascus: “Trump increased problems in the Arab world and the first proof is the strike on Syria. This has increased problems and confusion. He didn’t do anything against terrorism; he only increased it. There is nothing new. His policy has been to oppress people, especially the Arab people. We didn’t see anything new.”

Yadollah Sobhani, Tehran: “What shocked me most from Trump was a sudden shift in his policies toward Russia from a friendly position to a clash. I did not expect such instability in a politician’s behavior.”

Payam Mosleh, Tehran: “What scared me most was the classification of human beings (under Trump’s proposed Muslim ban). I think history has taught and shown us enough times that separating people from each other has never done anyone any good. Building walls either in Berlin or America has no results and is disastrous.”

Mahdieh Gharib, Tehran: “What surprised me most was preventing Iranians from entering the United States or even barring those Iranians who were U.S. residents and had temporarily left that country. Bombing Syria was the second thing that surprised me.”

Shimon Abitbol, Tel Aviv: “He’s playing too much golf. That’s the only thing I’m surprised by. I mean, how can he have so much time to play so much golf?
…

Britain, where the Industrial Revolution began more than 200 years ago, has recorded its first full day without using coal power. The milestone was achieved Friday, following years of investment in renewable energy — a trend being replicated in some other European countries, and even in developing nations. Henry Ridgwell reports from London.
…

The magnate behind LVMH is to incorporate Christian Dior into his luxury goods empire in a multibillion-dollar deal.

It’s the latest business coup for businessman Bernard Arnault, who has expanded his LVMH empire to include dozens of leading luxury brands — from high-end champagne and whiskies, to exclusive Vuitton handbags, Kenzo and Givenchy perfumes and Bulgari and TAG Heuer watches. Dior Couture, launched in 1946 and seen as the pinnacle of Paris style, would be a starring jewel in his empire.

Shares in Christian Dior and LVMH Moet Hennessy — Louis Vuitton rose after Tuesday’s long-awaited deal. The public offers values Dior at 260 euros per share. Shares in Dior spiked 12 percent to 253.95 euros by early afternoon trading Tuesday, while LVMH shares were up 4.3 percent at 223.95 euros.

According to the announcement, LVMH, which already owned Christian Dior cosmetics and perfumes, would buy Christian Dior Couture, its fashion business, for 6.5 billion euros ($7.1 billion). In addition, the Arnault Family Group is making a public offer for the Christian Dior shares it doesn’t currently hold.

The hope is that combining Dior’s entities under one roof and simplifying internal activities, savings will be generated.

The statement says the boards of both companies approved the transactions on Monday. The proposed deal will still need regulatory approval and consultations with workers. The companies also hope to issue the public offer in June, and finalize the purchase of Dior Couture in the second half of this year.

The companies laid out their hope that Dior’s fashion revenues and profit, which have risen in recent years, will be a  “source of growth” for LVMH, particularly with development in the U.S., China and Japan.

 
…

Tens of thousands of Armenians rallied Monday for the annual remembrance of the massacre of more than 1 million Armenians at the hands of the Ottoman Empire.

Marchers gathered at a memorial in Yerevan to lay flowers. Some burned a Turkish flag with torches.

April 24 is the day most Armenians regard as the start of the massacre in 1915, with the first arrests of Armenians by Turkish authorities in what was then Constantinople.

Between then and 1923, 1.5 million Armenians were killed through forced deportation, torture, starvation and outright murder.

Armenian culture restored

“The Armenians’ physical, cultural and political losses are immeasurable,” Armenian President Serzh Sargsyan said Monday. “The biggest loss is the people who were members of an ancient, rich and authentic civilization.”

Sargsyan said those who survived the killings and their descendents successfully restored Armenian culture and science.

“Within this period of time, we gave the world a whole constellation of creative geniuses and the world learned what happened to us through the great Armenians.”

In Washington, President Donald Trump put out a statement calling the Armenian massacre one of the 20th century’s worst mass atrocities.

“We must remember atrocities to prevent them from occurring again. We welcome the efforts of Turks and Armenians to acknowledge and reckon with painful history, which is a critical step toward building a foundation for a more just and tolerant future.”

Turkey denies organized campaign

Armenians call the killings a genocide and urge everyone who talks about the massacre to use that word, including the United States which has yet to officially recognize the deaths as genocide.

But Turkey denies there was any organized campaign to obliterate the Armenian people.

It says the number of Armenians killed during and after World War I was far fewer than 1.5 million and said the victims died in the fighting between the Ottoman military and Russia.
…

The governments of Spain and Brazil on Monday reinforced their commitment to completing a trade pact between the European Union and South American trade bloc Mercosur despite protectionist sentiments.

On a two-day visit to Brazil, Spanish Prime Minister Mariano Rajoy said he agreed with Brazilian President Michel Temer about the need to wrap up a trade deal that has taken more than 15 years to negotiate.

Rajoy also called for elections as the only way to reach a negotiated solution to the political crisis in Venezuela, expressing “deep concern” over the volatile situation in the neighboring country.

“We agree that given the degree of confrontation and the volatility of the situation, a negotiated solution is needed, and it must inevitably involve giving back to the Venezuelan people their voice,” he said.

Rajoy is heading a large delegation of Spanish businessmen who are looking for investment opportunities in Brazilian banking, energy, water and infrastructure sectors.

Spain backs deal

Brazil is the third-most important market for Spanish investors, who account for the second largest stock of foreign investment in the South American nation after the United States.

Spain is one of the strongest backers of an accord to lower trade barriers between the European Union and Mercosur members Brazil, Argentina, Uruguay and Paraguay. Negotiations have been delayed for years by the reluctance of European farmers and Mercosur manufacturers to face competition.

“Spain has always been and will continue to be a firm supporter of the agreement,” Rajoy said after meeting Temer. “In these moments in which some feel protectionist temptations, we both agree on the importance of free trade.”

US retreat favors EU  

Argentine Foreign Minister Susana Malcorra, who is hoping to clinch the EU-Mercosur deal by the end of the year, said external reasons would help advance it.

Malcorra said the retreat of the United States from trade talks had opened a window for the European Union to become a strong player in multilateral, region-to-region accords.

“Our view is that [the EU-Mercosur accord] is not only an economic agreement,” she said in Geneva on Monday. “It’s more than that, a political agreement.”
…

The Italian and Greek governments are counting on France’s likely next president Emmanuel Macron to help them see off populist parties that blame European Union-enforced austerity and open immigration policies for economic and social ills.

Greek prime minister Alexis Tsipras and Italian premier Paolo Gentiloni both called Macron on Monday to congratulate him after the independent centrist won Sunday’s first round of voting in the French election.

The former economy minister, who is seen in southern Europe as an opponent of rigid austerity, is favored to defeat far-right, anti-EU candidate Marine Le Pen in the May 7 run-off.

Five Star Movement a concern

The ruling parties in heavily indebted Italy and Greece hope his enthusiasm for the EU will help them see off challengers such as Italy’s Five Star Movement, which wants a referendum on ditching the shared euro currency.

A Greek official said Tsipras and Macron had an amicable discussion in which Macron noted his previous support for Athens in tough bailout talks with EU powers.

“I supported the need for a change of stance towards Greece,” the official quoted Macron as telling Tsipras. “It is certain that if I’m elected we will work closely together to ensure that Europe meets the needs of our generation.”

Gentiloni also spoke to Macron, an Italian official said, adding that the two would work together to ensure Europe can face its economic challenges.

Former Italian prime minister Matteo Renzi, who is plotting a path back to power at elections due next year, also welcomed Macron’s first-round victory, saying he represented a Europe that looked to the future, not “to the decimal points.”

Italian European Affairs Minister Sandro Gozi told Reuters a Macron presidency would bolster the ruling Democratic Party (DP) against populist forces like Five Star, which opinion polls show rivaling the DP with as much as a third of the vote. A path to government remains difficult, however, given its refusal to consider alliances and Italy’s electoral system.

Le Pen’s plans

Five Star and the right-wing Northern League question to varying degrees the adoption of EU open-immigration policies, the cornerstone of which is the Schengen open-borders area.

“Macron’s first round win and his likely victory in the second round will help give us a push,” Gozi said.

“Le Pen wants to get out of the eurozone, to get out of NATO, to dismantle Schengen and basically do many things that either the Northern League or Five Star want to do here. So if Macron wins, it is excellent news for us.”

The French connection

For Greece, a Le Pen victory would knock its major EU ally out of the union and weaken its defenses against a push from Germany, the bloc’s biggest creditor, for continued austerity.

Greece has debts equal to 178 percent of its economy and is struggling to conclude a progress review on reforms prescribed by its international lenders in exchange for vital loans.

Outgoing French President Francois Hollande helped fellow leftist Tsipras seal a 86 billion euro ($93 billion) bailout from the EU in July 2015, its third since 2010, which kept the crisis-hit country in the eurozone.

It expires next year, however, and Athens now needs France to lobby the rest of the EU, especially Germany, to agree to debt relief. Tsipras is counting on this support as the next election approaches in 2019.

Markets react to results

“Relations between Greece and France are strategic, they are based on mutual interests and common views on European affairs and I believe that Macron would stick to Hollande’s policy, which was supportive on Greece,” deputy foreign minister George Katrougalos told Reuters.

A senior Greek government official close to the bailout talks, which resume this week in Athens, agreed that a Macron presidency would be “sympathetic and supportive” of Greece.

Markets in Greece and Italy also welcomed the prospect of a Macron victory next month. Greek 10-year government bond yields hit a two-and-a-half-year low and Italian yields sank despite a credit rating downgrade on Friday.
…

In the run-up to the first round of the French presidential elections comparisons were drawn invariably between ideological bedfellows Donald Trump and National Front leader Marine Le Pen. But the rise of the centrist Emmanuel Macron also shares some similarities with Trump’s capture of the White House — at least when it comes to having the skill to fire up an army of enthusiastic volunteers, many of whom had not previously been active in politics.

Macron’s rise — he topped the poll in yesterday’s first round featuring eleven candidates — is an object lesson for Europe’s centrist politicians in how to combat the populism of the right. The continent’s centrists of both left and right were quick to congratulate Macron, with even the German government throwing caution to the winds and wishing him luck in the second round of voting.

Chancellor Angela Merkel’s official spokesman Sunday wished Macron “all the best” and the German Foreign Minister, Sigmar Gabriel, also hailed the results putting Macron ahead of Le Pen. “I’m sure he will sweep away the far-right, right-wing populism and the anti-Europeans in the second round,” Gabriel said in a Tweet.

Like Trump, Macron has never been elected to anything. The 39-year-old former investment banker and briefly socialist economy minister — he was appointed to the post by outgoing French President Francois Hollande — has gone from being a rank outsider to the favorite to win the French presidency in the run-off next month against Le Pen.

Naysayers dismissed Macron’s bid when it launched as a “champagne bubble” that would quickly burst. It hasn’t. In less than a year the progressive maverick, who bills himself as “neither left nor right,” has rapidly built up his party En Marche! (Onwards!). It now boasts 250,000 members — twice the size of France’s establishment Socialist Party.

Since 1958, when the Fifth Republic was established by French wartime leader Gen. Charles de Gaulle, no independent candidate without electoral experience, has come near to securing the Élysée Palace.

Macron may be chalk to Trump’s cheese when it comes to ideology: he’s pro-globalization, pro-free trade deals, pro-EU and welcoming of immigrants. But like Trump and Europe’s populist right-wingers, Macron has benefited from rising public anger toward the establishment party machines. Macron on the campaign trail promised a “democratic revolution” to upset a hidebound French political system and has been every bit as dismissive of the old party dogmas as Le Pen.

When challenged on his government inexperience in the wake of the terrorist shooting on the Champs-Elysées last week, Macron parried that he’d prefer not to have any, judging by the ineffectiveness of experienced politicians in France in recent decades.

Much of his campaign has been built on the excitement of his followers as well as his own character. They have flocked to stadium rallies and organized thousands of small-scale gatherings at cafés and bistros around the country to debate policies and to engage doubters.

Regardless of whether the reforms they push are for more free trade and deregulation or protectionism and nationalism, those who position themselves as outsiders benefit from public disdain of the elites, as both Macron and Le Pen did on Sunday, humbling the country’s established parties of left and right. But whereas Le Pen’s challenge comes from the nationalist fringe, Macron has mounted a populist insurgency from the center of French politics.

In France, the establishment parties went to their radical wings to pick their presidential contenders, leaving Macron an opening in the middle. His supporters may be different from Trump’s — they are more white collar, metropolitan and educated — but like Trump’s followers they, too, have grown tired of the old party dogmas that have failed to provide stability and security.

“In France, Britain, the Netherlands, Austria and the U.S. the same people — blue- and white-collar workers, intermediate occupations and farmers — are joining the populist revolt,” according to Christophe Guilluy, author of The Twilight of Elite France (Le crépuscule de la France d’en haut). “The rift between the global market’s winners and losers has replaced the old right-left split,” he argues.

Macron’s electoral trick has been to persuade enough of the losers — mainly white-collar but to a greater extent than predicted blue-collar voters as well — that he has some pragmatic policies that will provide answers to the challenges facing France, from streamlining the pension system, freeing many households from housing tax and reducing government charges and fees and cutting back on regulations and bureaucratic red tape.

Now in the second round two very different stark views will be presented for voters to pick from: Macron’s more inclusive and cheerful view of a France that has the confidence to remain open to Europe and trade and welcomes new immigrants and those already in the country, and a more traditional view of France presented by Le Pen that points to rampant globalization as a danger to the country’s culture, jobs and security.

Victory will largely be determined by how France’s traditional working-class casts its vote.
…

An Italian journalist has returned to Italy after being detained for two weeks in Turkey, apparently because he entered an area near the Syrian border without proper permission.

Gabriele Del Grande, a blogger and documentary maker who has written about refugees, was detained after entering the area of Hatay in southern Turkey. He arrived Monday at Bologna airport on a flight from Turkey. He said he had been treated well but wanted to know why he was deprived of his freedom for 14 days “for doing his job.”

Italian Foreign Minister Angelino Alfano, flanking Del Grande at the airport, credited quiet diplomacy for the release.

Del Grande said he went on a hunger strike for seven days, so the first thing he wanted to do was “go eat.”

 
…

European shares opened sharply higher and the euro briefly vaulted to five-month peaks on Monday after the market’s favored candidate won the first round of the French election, reducing the risk of another Brexit-like shock.

The victory for pro-EU centrist Emmanuel Macron, who is now expected to beat right-wing rival Marine Le Pen in a deciding vote next month, sent the pan-European STOXX 50 index up 3 percent, France’s CAC40 almost 4 percent and bank stocks more than 6 percent.

Traders top-sliced some of the euro’s overnight gains, but it was still up more than 1 percent on the dollar, more than 2 percent against the yen and 1.3 percent on the pound as the early flurry of deals subsided.

“It (the first round result) has come out in line with the market’s expectations so you have something of a risk rally as there was a bit of a risk-premium built into all markets,” said James Binny, head of currency at State Street Global Advisors.

There was also an unwinding of safe-haven trades.

Shorter-term German bonds saw their biggest sell-off since the end of 2015 as investors piled back into French as well as Italian, Spanish, Portuguese and Greek debt.

The Japanese yen’s fall was widespread, the market’s so-called fear-guage, the VIX volatility index, plunged the most since November and gold saw its biggest tumble in more than a month.

E-mini futures for Wall Street’s S&P 500 climbed 0.9 percent in early trade, while yields on 10-year U.S. Treasury notes rose almost 8 basis points to 2.31 percent.
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