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Good morning from the Financial Times.
Today is Monday, July 21st, and this is your FT News briefing.
Japan's ruling party suffered yet another electoral setback,
and Europe is looking for ways to boost its tech industry.
Plus, the U.S. is winning the trade war, at least for now.
unilateralism is threatening the entire global trade system and it's really unclear whether the rest of the system has the spine to stand up to it.
I'm Sonia Hudson and here's the news you need to start your day.
Japan's ruling coalition had a tough election day yesterday.
The Liberal Democratic Party and its smaller coalition partner lost their combined majority in the country's upper house of parliament.
The election was largely dominated by cost of living concerns.
Japanese voters have been dissatisfied with the LDP for a while now.
Last October, the party lost its majority in Japan's lower house for the first time since 2009.