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Hong Kong icon on trial

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Former media mogul Jimmy Lai is in court for trial on pro-democracy protests Welcome to Balance of P

Former media mogul Jimmy Lai is in court for trial on pro-democracy protests [View in browser]( [Bloomberg]( Welcome to Balance of Power, bringing you the latest in global politics. If you haven’t yet, sign up [here](. Hong Kong’s 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 Beijing’s 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: “I want him to know he’s not alone.” With the threat of any large-scale political protest now firmly quashed, the problem for Hong Kong’s government is not Lai’s supporters in the city but those overseas. The 76-year-old’s case resonates well beyond those at West Kowloon Magistrates’ 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 — which may see Lai handed a life sentence — 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 “[chaos to order](.” — [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 “prize for terrorism,” 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 Biden’s 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. President Vladimir Putin said Russia has no intention of [attacking NATO countries](, describing as “nonsense” claims by Biden that Moscow poses a threat to them. Putin’s comments appeared aimed at weakening the resolve of Ukraine’s US and European allies, with more than $100 billion of aid to Kyiv held up by political disputes. Putin repeatedly denied he’d attack Ukraine prior to the February 2022 invasion. Putin is seen on a screen in Red Square, Moscow, in September 2022 for a ceremony marking the annexation of four regions of Ukraine. Photographer: Alexander Nemenov/AFP/Getty Images Japanese Prime Minister Fumio Kishida’s days in office may be numbered, with an overwhelming majority of voters wanting him out by the end of his term in September at the latest, a recent poll showed. While he’s attempted to salvage his government by ousting ministers accused of concealing campaign funds, it’s unclear whether he’ll be able to [stop the fallout from spreading](. 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]( that’s likely to block Apple and Samsung from parts of the world’s 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 Pyongyang’s 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 OPEC’s one-time nemesis — US shale — is [rearing its head]( just months after the sector was all but written off as a threat to the cartel’s 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 — the difference is equivalent to adding a new Venezuela to global supplies. And Finally Britain’s 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. It’s part of a deterioration in public services that’s blamed by many on austerity policies that have starved the country of funding, Katherine Gemmell, Emily Ashton and Eamon Farhat write. That “general sense that things in Britain don’t work” 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 Friday’s 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 - [Green Daily]( for the latest in climate news, zero-emission tech and green finance - Check out our [Bloomberg Investigates]( film series about untold stories and unraveled mysteries - [Bloomberg Opinion]( for a roundup of our most vital opinions on business, politics, economics, tech and more - [Next Africa](, a twice-weekly newsletter on where the continent stands now — and where it’s headed Explore more newsletters at [Bloomberg.com](. Follow Us Like getting this newsletter? [Subscribe to Bloomberg.com]( for unlimited access to trusted, data-driven journalism and subscriber-only insights. Want to sponsor this newsletter? [Get in touch here](. You received this message because you are subscribed to Bloomberg's Balance of Power newsletter. If a friend forwarded you this message, [sign up here]( to get it in your inbox. [Unsubscribe]( [Bloomberg.com]( [Contact Us]( Bloomberg L.P. 731 Lexington Avenue, New York, NY 10022 [Ads Powered By Liveintent]( [Ad Choices](

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