This is not a paywall.

Register for free to continue reading.

We made a promise to you that we’ll never erect a paywall and we intend to keep that promise. We also want to continually improve your reading experience and you can help us do that by registering with us. It’s quick, easy and will cost you nothing.

Nearly there! Create a password to finish up registering with us:

Please enter your password or get a login link if you’ve forgotten

Open Sesame! Thanks for registering.

First Thing, Daily Maverick's flagship newsletter

Join the 230 000 South Africans who read First Thing newsletter.

We'd like our readers to start paying for Daily Maverick

More specifically, we'd like those who can afford to pay to start paying. What it comes down to is whether or not you value Daily Maverick. Think of us in terms of your daily cappuccino from your favourite coffee shop. It costs around R35. That’s R1,050 per month on frothy milk. Don’t get us wrong, we’re almost exclusively fuelled by coffee. BUT maybe R200 of that R1,050 could go to the journalism that’s fighting for the country?

We don’t dictate how much we’d like our readers to contribute. After all, how much you value our work is subjective (and frankly, every amount helps). At R200, you get it back in Uber Eats and ride vouchers every month, but that’s just a suggestion. A little less than a week’s worth of cappuccinos.

We can't survive on hope and our own determination. Our country is going to be considerably worse off if we don’t have a strong, sustainable news media. If you’re rejigging your budgets, and it comes to choosing between frothy milk and Daily Maverick, we hope you might reconsider that cappuccino.

We need your help. And we’re not ashamed to ask for it.

Our mission is to Defend Truth. Join Maverick Insider.

Support Daily Maverick→
Payment options

June 10: Five Things You Need to Know to Start Your Day

Business Maverick

Business Maverick

June 10: Five Things You Need to Know to Start Your Day

Protesters take part in a demonstration against amendments to an Hong Kong extradition bill for the Chinese Government, outside the Chinese Embassy in Central London, Britain, 09 June 2019. The bill would allow the transfer of fugitives to jurisdictions which Hong Kong does not have a treaty with, including mainland China. Critics of the bill have expressed concern over unfair trials and a lack of human rights protection in mainland China. EPA-EFE/WILL OLIVER
By Bloomberg
10 Jun 2019 0

U.S. President Donald Trump halts plan to impose tariffs on Mexico. Up to a million people march in Hong Kong to protest extradition law. United Technologies agrees to buy Raytheon.

Mexican Deal

President Donald Trump announced late Friday that he wouldn’t impose a sliding scale of tariffs on goods from Mexico — from 5% to 25% over time — after that nation agreed to take a tougher stance on immigration, which was his goal all along. Trump on Saturday tweeted that Mexico will also buy “large quantities” of agricultural products, a stipulation that wasn’t included in a joint statement. The peso climbed. However, three Mexican officials said they were unaware of a side accord in the works, and that agricultural trade hadn’t been discussed during three days of negotiations in Washington.

G-20 Warning

The G-20 warned of escalating hazards from trade and geopolitical tensions. Finance ministers and central bank governors meeting in Japan made little progress in addressing the main threat of tit-for-tat tariffs, noting that while growth appears to be stabilizing, it “remains low and risks remain tilted to the downside.”

Hong Kong Protests

Up to a million people marched in Hong Kong protesting against legislation easing extraditions to China, increasing pressure on the Beijing-backed government. The demonstrators, many chanting for Chief Executive Carrie Lam’s resignation, choked central city boulevards. Skirmishes broke out after dark, prompting riot police to use pepper spray and batons.

Defense Giant

United Technologies agreed to buy Raytheon in an all-stock deal, forming an aerospace and defense giant with $74 billion in sales. The new entity will be called Raytheon Technologies, with the combination taking place in the first half of 2020 after United Technologies’ planned spinoff of its Otis elevator and Carrier air-conditioner businesses.

Market Boost

Asia stocks looked set for gains Monday and U.S. equity futures climbed after President Donald Trump suspended his plans for tariffs on Mexico. The yen retreated. Futures pointed higher in Australia and Japan, though slipped in Hong Kong. The dollar steadied. U.S. shares closed higher and Treasury yields dropped Friday after weak U.S. jobs data added to speculation the Federal Reserve will ease rates. Oil climbed.


Please peer review 3 community comments before your comment can be posted