Former media mogul Jimmy Lai is in court for trial on pro-democracy protests [View in browser](
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Welcome to Balance of Power, bringing you the latest in global politics. If you havenât yet, sign up [here](. Hong Kongâs No. 1 national security target is getting his day in court after more than 1,000 in prison. A guilty verdict could see Jimmy Lai die behind bars. The [trial of the former media mogul]( has come to symbolize Beijingâs determination to crack down on political dissent in the city after sweeping anti-government protests in 2019. For some, Lai is the last defender of democracy. As he entered the court, there were signs of muffled emotion in the public gallery where more than 100 people gathered to witness the trial: Some teared up and others silently waved support as he briefly smiled at the crowd. Among them was JC, who queued for 12 hours overnight: âI want him to know heâs not alone.â With the threat of any large-scale political protest now firmly quashed, the problem for Hong Kongâs government is not Laiâs supporters in the city but those overseas. The 76-year-oldâs case resonates well beyond those at West Kowloon Magistratesâ Court today. The presence of diplomats from the US, UK and French consulates, among others, underscores just how closely Western governments are scrutinizing the case. Lawmakers from Washington to Westminster and Brussels are already voicing their criticism. The risk for Hong Kong Chief Executive John Lee is that the case â which may see Lai handed a life sentence â becomes yet another geopolitical flashpoint, destabilizing the fragile easing of tensions between China and the US. There was no official word if the global dimensions of the case came up when Lee met with President Xi Jinping in Beijing today. Instead, Xi commended him for taking Hong Kong from â[chaos to order](.â â [Rebecca Choong Wilkins]( Jimmy Lai at a protest in Hong Kong in August 2019. Photographer Justin Chin/Bloomberg Global Must Reads Any call for a cease-fire with Hamas is a âprize for terrorism,â Israeli Foreign Minister Eli Cohen said after France, the UK and Germany [urged efforts toward halting the war]( as the civilian death toll mounts. International pressure is steadily intensifying against Israel in the third month of the war, including from the US, which is prodding the government of Prime Minister Benjamin Netanyahu to shift tactics. Third-party candidates are emerging as a potentially crucial obstacle to reassembling President Joe Bidenâs winning 2020 coalition in the battleground states likely to decide the US presidency next year. That [appeal for alternatives is strongest]( among key Democratic constituencies such as the young, union households and urban residents, according to a Bloomberg News/Morning Consult poll in seven swing states. 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For the second time in two years, voters in Chile rejected a proposal for a new constitution yesterday, underscoring how [politically volatile]( the nation has become. Gabriel Boric was elected president after protests in 2019 on a platform that included rewriting the Augusto Pinochet-era charter. After first left- and now right-leaning proposals were defeated, the process has been shelved. More Chinese agencies and government-backed firms have ordered staff to stop bringing iPhones and other foreign devices to work, setting in motion an [unprecedented prohibition]( thatâs likely to block Apple and Samsung from parts of the worldâs biggest mobile market. Former South African President Jacob Zuma plans to vote for a [newly registered political party]( in 2024 elections, a potential blow to chances of the ruling African National Congress maintaining its majority. North Korea fired an intercontinental ballistic missile toward waters off its east coast in a [show of force]( after criticizing the US and South Korea for holding talks on containing Pyongyangâs atomic ambitions. [Sign up for the Washington Edition newsletter]( for news from the US capital and watch Balance of Power at 5pm ET weekdays on Bloomberg Television. Chart of the Day OPECâs one-time nemesis â US shale â is [rearing its head]( just months after the sector was all but written off as a threat to the cartelâs sway over worldwide oil markets. This time last year, US government forecasters predicted production would average 12.5 million barrels a day during the current quarter. That estimate has been bumped to 13.3 million barrels â the difference is equivalent to adding a new Venezuela to global supplies. And Finally Britainâs criminal justice system is on its knees, with [backlogs in court cases]( amounting to years, barristers leaving the profession, overcrowded prisons and court buildings in disrepair. Itâs part of a deterioration in public services thatâs blamed by many on austerity policies that have starved the country of funding, Katherine Gemmell, Emily Ashton and Eamon Farhat write. That âgeneral sense that things in Britain donât workâ is piling more pressure on the Conservative government going into a likely election year. Criminal lawyers protest in central London in June 2022. Photographer: Jason Alden/Bloomberg Thanks to the 49 people who answered Fridayâs quiz and congratulations to James Fabe, who was the first to name Venezuela and Guyana as the two South American countries in a dispute over an area rich in oil. More from Bloomberg - [Economics Daily]( for what the changing landscape means for policy makers, investors and you
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