Dentons Flashpoint - August 12, 2020

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In This Edition: US presidential candidate Joe Biden names Kamala Harris as his running mate.The UK dropped into its deepest recession on record in Q2. The WHO is in discussions with Russia about possible WHO prequalification for its new vaccine. A rundown of important global developments in markets, in business, and region-by-region, as well as statistical risk assessments by country and by US state.

Last Thursday, President Trump issued two executive orders designed to effectively ban WeChat and TikTok from the US market in a significant escalation of worsening US-China relations in the tech sector. Along with igniting controversy over use of executive power in the US, the ban raises broader questions about the international reputation of the US market and potential for an increasingly splintered global internet.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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