Good morning, here’s your Thursday morning briefing to set you up for the day ahead. Look out for these three things happening around the world today.
Raab and Loiseau prep for May and Macron
The United Kingdom’s Brexit secretary Dominic Raab will meet with France’s Europe Minister Nathalie Loiseau today to lay the groundwork ahead of a meeting between UK Prime Minister Theresa May and French President Emmanuel Macron on Friday.
The meeting is one of many taking place this week as May attempts to soften Europe’s stance on Brexit. Foreign secretary Jeremy Hunt met French counterpart Jean-Yves Le Drian on Tuesday.
Friday’s meeting will take place at Macron’s Fort de Brégancon retreat. There, May is expected to plead for France to come to a compromise with Britain on its impending exit from the European Union.
Should Britain and the EU fail to reach an agreement by the March 2019 deadline, it could result in huge financial consequences for both sides.
Conservatives convene in Texas
The likes of Texas Senator Ted Cruz, Florida Senator (and former Trump rival) Marco Rubio and Kentucky Governor Matt Bevin arrive in Austin, Texas, for The Resurgent Gathering, a three-day discussion of conservative policy.
Political and business leaders will talk on topics ranging from free markets to family matters, crime, tech, trade and President Trump.
The Resurgent Gathering hopes to establish the policies that American conservatives should be championing and plan how to convince the man in the White House to stand with them.
The conference will take place at the Sheraton Austin Hotel at the Capitol from 2-5 August.
Siemens announces Q3 results
Siemens CEO Joe Kaeser and CFO Ralf P. Thomas will today announce the company’s third quarter results via a webcast conference at 7:30am London time. The duo will also brief press and analysts on the company’s strategy going forward.
Analysts expect Siemens to announce the adoption of production automation within its factory automation business. This will help clients to digitise production, improve efficiency and reduce costs.
Eckard Eberle, head of process automation at Siemens, previously said:
“The market in process automation is growing at around three to four percent per year and our intention is to grow faster than that,”
Post sales are expected to fall by around 4% year-over-year, as too is profit in the third quarter, analysts have predicted.