Britain on brink of triggering Article 50, Turkey-Netherlands row widens and the FBI’s most wanted hacker

European leaders prepare for an imminent start to Brexit talks with a meeting likely early April

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British Prime Minister Theresa May is on the brink of triggering Article 50, the mechanism for Brexit. The House of Commons will today vote on two proposed amendments to the legislation passed by the House of Lords last week. One promises a “meaningful” parliamentary vote on the final deal with the EU, while the other gives protection to EU nationals living in Britain. Proponents of the amendments within the ruling Tory party are making a last push for a guarantee that parliament will get a final vote. If the bill is passed it will return to the House of Lords for ratification. Once ratified, Mrs May can trigger the complicated two-year process of unravelling more than 40 years of EU membership.

European leaders are already preparing for an imminent start to Brexit talks with a meeting likely on April 6. (FT, Guardian)

In the news

Turkey-Netherlands row widens The diplomatic row between Turkey and the Netherlands is reverberating across Europe. Recep Tayyip Erdogan, Turkey’s president, on Sunday accused the Dutch government of behaving like Nazis, capping a weekend of high drama that began when the Netherlands refused to let his foreign minister’s plane land for a rally for the Turkish referendum campaign. Now the Danish prime minister has cancelled a meeting with his Turkish counterpart. (FT)

Changes at the top for HSBC Mark Tucker will leave Asian insurer AIA to become HSBC’s chairman. His first priority will be to find a new chief executive after Stuart Gulliver told the bank’s board he would quit next year. (FT)

Singapore bans Leissner Former star trader Tim Leissner has been banned from Singapore’s securities industry for 10 years over breaches related to Malaysian state investment fund 1MDB. The former Goldman Sachs banker was alleged to have given an unauthorised reference letter vouching for Jho Low, a Malaysian businessman alleged by US authorities to have laundered funds diverted from 1MDB. (FT)

Musk sets sights on Australia Tesla’s Elon Musk has bet his company’s battery technology can help solve the country’s energy problems. His tweet lead to a Sunday phone call with the Australian prime minister Malcolm Turnbull. Oh and Australian tech billionaire Mike Cannon-Brookes, co-founder of Atlassian, also got involved. (WSJ)

Oil’s not well The US oil price dipped below $48 a barrel for the first time in more than three months, despite Opec efforts to curb crude output. The big question for the cartel is whether to extend a 24-nation agreement — made last year — to cut oil production in the first half of 2017 beyond June. (Reuters, FT)

Changing diets in China Sales of sweets and ice cream in China fell more than 11 per cent in 2015, while sales of yoghurt jumped 21 per cent. The figures are a sign that Chinese diets are rapidly changing as the population becomes increasingly health conscious (NAR)

It’s a big day for

Nato The alliance releases its annual report, which will show how far member countries remain behind their defence spending. (Nato)

Keep up with the important business, economic and political stories in the coming days with the FT’s Week Ahead.

Food for thought

The FBI’s most-wanted hacker At one point, Evgeniy M Bogachev had control of as many as a million computers in multiple countries, siphoning hundreds of millions of dollars from bank accounts around the world. He’s been sanctioned by the US and has a $3m FBI bounty out for his capture. And he is Moscow’s favourite cyber criminal. Separately, here is what attacks on Lloyds and Tesco Bank tell us about how online crime is evolving. (NYT, FT)

End of the bond bull run One of the longest and most important trends in world finance may be about to turn round. US 10-year Treasury bond yields, used as a benchmark in transactions the world over, have been in decline since inflation came under control in the early 1980s. But events of the past week suggest the secular decline in yields may be over. (FT)

Life is not a journey The FT’s Lucy Kellaway gives short shrift to the “inspiring”, “beautiful”, “fabulous”, “empowering” open letter written by Apple’s Angela Ahrendts to her children. Instead of indulging children or giving them unrealistic goals, Ms Kellaway recommends giving down-to-earth advice about the realities of life. (FT) 

I invented the web: here’s how to save it Twenty-eight years ago, English computer scientist Tim Berners-Lee submitted his original proposal for the worldwide web. But over the past year he’s become increasingly concerned about his creation. (Guardian)

Why friends disappeared in Tuam The discovery of a decades-old mass grave of children of unwed mothers in the Irish town of Tuam shocked the world earlier this month. It also brought memories of a bleak childhood flooding back to Irish writer John Pascal Rodgers, who lived there and recalls how his friends kept “disappearing”. (WaPo)

Video of the day

The week ahead A look at some of the big stories in the coming week with Josh de la Mare, including the climax of the Dutch election race, German corporate results from Lufthansa and RWE, and an expected rise in US interest rates as the Federal Reserve meets. (FT)

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