10 Sunday Reads

My easy like Sunday morning reads: • How Bull Markets Affect Your Intelligence (A Wealth of Common Sense) • US share buybacks punch below their weight (Financial Times) • Zweig: Disturbing New Facts About American Capitalism (MoneyBeat) • They Really Knew How to Do Populist Revolts in 1672 (Bloomberg View) • Overstock CEO’s Fake News Woes Continue as the…

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Philip Hammond vows UK will fight back if it gets bad Brexit deal

Chancellor tells EU that Britain won’t ‘slink off like a wounded animal’ if no trade agreement is struck during article 50 talks

Philip Hammond has sent a warning to Britain’s European partners that Britain will “fight back” and not “slink off like a wounded animal” if it does not get the Brexit deal it wants.

In combative language ahead of triggering the article 50 negotiations on terms of withdrawal, the chancellor said Britain would “do whatever we need to do” to be competitive in the event of leaving the EU without a trade agreement.

Related: A budget in the shadow of Brexit leaves Hammond short of choices

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China to strengthen defenses, no word on budget

BEIJING (Reuters) – China pledged more support for its military on Sunday including strengthening maritime and air defenses as it takes steps to safeguard its sovereignty, but in a highly unusual move did not give spending figures for 2017 despite promises of transparency.