Bitter divides

[Bloomberg]( Follow Us //link.mail.bloombergbusiness.com/click/20622514.93470/aHR0cHM6Ly90d2l0dGVyLmNvbS9icG9saXRpY3M/582c8673566a94262a8b49bdB5d9bd1aa [Get the newsletter]( On June 16, 2016, a far-right extremist murdered British politician Jo Cox, a week before the U.K. voted to leave the European Union. Four years on Boris Johnson, who led the Brexit campaign and is now prime minister, is facing up to [the complex legacy]( of that divisive vote, as racial tensions rise and the threat of extreme nationalism re-appears on Britain’s streets. Johnson’s campaign triumphed with an appeal to English voters who were angry about immigration and wanted to “take back control.” His message nodded to Britain’s past as an imperial power, but that history [is now returning]( to haunt the country. After days of [sometimes violent]( Black Lives Matter demonstrations, statues of slave traders and others with questionable records have become battlegrounds, as counter-protesters fight to “protect” them. While Johnson condemned the violence, he railed against attempts to “photoshop” British history and vowed to save [Winston Churchill’s statue]( outside parliament with “every breath” in his body. As he seeks to contain the unrest, the premier is [urging consumers to go out]( and spend as shops reopen and Covid-19 restrictions ease. With the economy [plunged into crisis]( by the pandemic, Johnson holds talks with EU leaders today to try and [revive negotiations]( on a Brexit trade deal. Amid struggles [on multiple fronts](, the path for Johnson’s Britain seems as perilous today as it was four years ago. — [Tim Ross]( Johnson claps while standing outside number 10 Downing Street during a national round of applause to show appreciation for health workers in London. Photographer: Simon Dawson/Bloomberg Tell us how we’re doing or what we’re missing at balancepower@bloomberg.net. Global Headlines [Second wave fears]( | An outbreak of the coronavirus around Beijing’s largest fruit and vegetable market reached nearly 100 infections, in the biggest test of the Chinese government’s containment strategy since the pathogen first emerged in Wuhan. New cases in the U.S. and Tokyo are also stoking concern over second waves, sending stocks tumbling around the world. [Questionable deaths]( | The U.S. grappled with more questionable deaths involving police officers, weeks after George Floyd’s death in Minneapolis set off global demonstrations. The mayor of Atlanta, where the latest killing occurred on Friday, said “there’s a movement across this country and it is changing all of our cities.” - President Donald Trump holds a rally in Tulsa, Oklahoma on Saturday, pushing it back a day [because of Juneteenth](, the June 19 commemoration of the day in 1865 when enslaved people in Texas belatedly learned that slavery in the U.S. had been abolished. People mourn at a Wendy’s restaurant in Atlanta, Georgia, where Rayshard Brooks was shot and killed by police in a struggle following a sobriety test. Photographer: Dustin Chambers/Getty Images North America [Raking in cash]( | Democratic presidential candidate Joe Biden is capitalizing on the pulling power of stars like Wonder Woman’s Lynda Carter to transform the virtual fundraisers made necessary by virus-related lockdowns into a money machine. Biden pulled in $16 million from small donors in April, more than three times the $4.9 million Trump raised in small amounts for the month. [FBI’s headache]( | Federal Bureau of Investigation Director Christopher Wray is caught between the proverbial rock and a hard place. As [Chris Strohm]( reports, while he’s trying to keep the bureau out of the political limelight as the November election approaches, he faces Republican-led inquiries into whether FBI officials committed illegal acts when they investigated if anyone close to Trump colluded in Russia’s meddling in 2016. [Not looking back]( | Sweeping national security laws for Hong Kong might not be retroactive, a Chinese official said, potentially limiting the scope of legislation currently being drafted in Beijing. The Chinese government and its appointed leaders in Hong Kong have been seeking to reassure residents, foreign officials and overseas investors about the move, as pro-democracy activists raise the alarm. What to Watch This Week - Italian Prime Minister Giuseppe Conte’s popularity [has triggered speculation]( he might become leader of the anti-establishment Five Star Movement, with a poll suggesting he could turn the party into the leading force. - A Moscow court found former U.S. Marine Paul Whelan [guilty of spying]( and sentenced him to 16 years in prison, according to a statement from his family. - The EU fired [a warning shot]( at China over its global trade ambitions with an unprecedented tariff decision to counter Chinese subsidies to exporters. - Philippine journalist Maria Ressa, who heads the Rappler news site, was found guilty of cyber libel, in a ruling that raises questions about[press freedom]( in the Southeast Asian nation. - Chile is rolling out a $12 billion [stimulus package]( as infections hit a record and the health minister quit. Thanks to all who responded to our pop quiz Friday and congratulations to Anne Conner, who was the first to correctly identify New Zealand as the country that’s lifting all social distancing restrictions after reporting zero active cases of Covid-19, indicating it has eliminated the virus. [And finally]( … Carlos Ghosn always said he was set up. Now there’s some evidence to support his claim. As [Reed Stevenson]( reports, the campaign by top Nissan Motor executives to dethrone one of the automotive industry’s most celebrated leaders started almost a year before Ghosn’s arrest in late 2018 for alleged financial misconduct. Email correspondence paints a picture of a methodical campaign to remove a powerful executive, motivated partly by opposition to his push for greater integration with long-time alliance partner Renault. Ghosn gestures as he addresses a large crowd of journalists on his reasons for dodging his trial in Japan, where he is accused of financial misconduct, at the Lebanese Press Syndicate in Beirut on Jan. 8. Photographer: Joseph Eid/AFP via Getty Images   You received this message because you are subscribed to Bloomberg's Balance of Power newsletter. [Unsubscribe]( | [Bloomberg.com]( | [Contact Us]( Bloomberg L.P. 731 Lexington, New York, NY, 10022