Photo: Emmanuel Dunand/AFP via Getty Images

Michel Barnier, the EU's chief Brexit negotiator, said Sunday he is "strongly opposed" to British Prime Minister Theresa May's "Chequers proposal," which would keep the U.K. in the EU's single market for goods, but not services, reports BBC News.

Why it matters: In an op-ed published earlier today, May said she would refuse to make compromises on the Chequers plan that wouldn't serve the U.K.'s national interest. The rebuttal from Barnier seems to indicate neither side is willing to budge when it comes to trade, which remains the single most pressing issue as the potential for a no-deal Brexit deepens.

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BP's in the red, slashing its dividend and vowing a greener future

Photo: Ben Stansall/AFP via Getty Images

BP posted a $6.7 billion second-quarter loss and cut its dividend in half Tuesday while unveiling accelerated steps to transition its portfolio toward low-carbon sources.

Why it matters: The announcement adds new targets and details to its February vow to become a "net-zero" emissions company by mid-century.

Women-focused non-profit newsrooms surge forward in 2020

Illustration: Eniola Odetunde/Axios

Women are pushing back against the gender imbalance in media by launching their own news nonprofits and focusing on topics many traditional news companies have long ignored.

Why it matters: "The news business is already gendered," says Emily Ramshaw, co-founder and CEO of The 19th*, a new nonprofit, nonpartisan newsroom reporting at the intersection of women, politics and policy.

The U.S. is now playing by China's internet rules

Illustration: Aïda Amer/Axios

President Trump's crackdown on TikTok suggests that the U.S. government is starting to see the internet more like China does — as a network that countries can and should control within their borders.

The big picture: Today's global internet has split into three zones, according to many observers: The EU's privacy-focused network; China's government-dominated network; and the U.S.-led network dominated by a handful of American companies. TikTok's fate suggests China's model has U.S. fans as well.