Why it pays to have beef with Trump, Accor’s China gamble and backgammon at +351’s Lisbon kiosk
Thursday 9/7/26
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Good morning from Midori House. For more news and views, tune in to Monocle Radio or visit monocle.com. Here’s what’s coming up in today’s Monocle Minute:  

THE OPINION: Why it pays to have beef with Trump  
HOSPITALITY: Accor’s China gamble is going well 
DAILY TREAT: Play backgammon at +351’s Lisbon kiosk
THE LIST: Three stories that you might have missed


The Opinion: politics

Giorgia Meloni is too astute to let her spat with Donald Trump go to waste 

By Ed Stocker
By Ed Stocker

It has been quite the Nato Summit in Ankara over the past two days. US president Donald Trump renewed his interest in grabbing Greenland and went on to direct some particularly harsh words Spain’s way. Goodwill between much of the 32-member North Atlantic alliance and the US is at an all-time low. Amid the chaos though, the unflappable figure of Giorgia Meloni stands out. Not so long ago, the Italian prime minister was projecting an image of herself as a natural “bridge” between the EU and its ally on the other side of the pond. With that idea apparently lying in tatters, there now seems to be a focus on renewing Italy’s position as a natural link between Europe’s southern flank and Africa. 
 
How times change. Trump had nothing but warm words for Meloni after her decisive election victory in late 2022 and she was the only EU leader invited to his second inauguration ceremony. This year, however, relations have nosedived.

 
Game face: Love or hate Meloni – she’s a canny politician

The two leaders have been at loggerheads since June. During the G7 summit in Évian-Les-Bains in France, Trump accused Meloni of “begging” to have her photo taken with him. She then took to social media to deny the allegations, asking Trump to spend more time focusing on the enemies of the West. Just days before Ankara, Trump posted an image of Meloni gazing into his eyes with the caption “Restraining Order Needed”. This time around, Meloni held her tongue (and thumb).
 
Is Giorgia Meloni done with the US? Unlikely. Despite her change of language towards Trump, she has left the heavy lifting to foreign minister Antonio Tajani and defence minister, Guido Crosetto. In truth, a spat with Trump – even if the reality is more complex – plays well for Meloni at home. In Italy conflict with Iran is unpopular and a poll published by the Italian Institute for International Political Studies (ISPI) and Ipsos at the end of June found that 51 per cent of Italians no longer found the US a reliable ally (38 per cent also thought that Italy needed to be more autonomous). 
 
Meloni will be eyeing up two pivotal political events. The first is the US mid-term elections in November, when Trump looks likely to lose control of at least one of the houses of Congress. The president won’t be a lame-duck – but his wings might be clipped. The second is Italy’s own election next year, in which Meloni will be hoping for a decisive victory. Appearing too chummy with Trump isn’t a good look. Meloni, a keen operator who lost an important referendum in March, knows that perception is more important than ever. 
 
Ed Stocker is Monocle’s Europe editor at large, based in Milan. For more opinion, analysis and insight, subscribe to Monocle today.


 

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The Briefings

hospitality: china

French hotel group Accor’s China gamble is starting to look like good business 

China’s hotel market has been a shaky place to hedge your bets in recent years (writes Tom Webb). Travel restrictions, tight visa requirements and fears of surveillance have all helped to turn off international arrivals. Coupled with a property crisis triggered by developer debt defaults and falling home prices, global hotel chains have been more risk averse than usual. But since China recently dropped visa requirements for 50 countries, as Beijing focuses on the economic benefits of international visitors (foreign-visitor numbers look set to surge past pre-pandemic levels), French hotel group Accor senses a moment of opportunity. 

 
Keys to the city: Raffles Hotel, operated by Accor SA, in Macau

The crisis has made land and existing infrastructure much cheaper. As a company that isn’t reliant upon heavy construction, unfinished and underperforming properties are available for a discount. Though recovery in China is expected to be lengthy, the country has always been a long-term growth market for Accor, which already has some 820 hotels. It plans to double its footprint to 1,600 by 2031. “Since the start of 2026, international guest stays at our hotels in mainland China have grown by 46 per cent, with especially strong performance from three key markets: Asia-Pacific, Middle East and Europe,” Sébastien Bazin, CEO of Accor tells The Monocle Minute. What seems like a gamble on the outside is, to Accor, a vote of confidence in China’s next phase.


• • • • • DAILY TREAT • • • • •

Play backgammon at fashion brand +351’s Lisbon kiosk

The quintessential Lisbon street scene isn’t complete without a quiosque – the small, round hut that you’ll spot on squares across the city. The latest to open is from Lisbon native Ana Penha e Costa, founder of fashion label +351. 

The kiosk in front of Jardim da Estrela is painted in fetching blue and white, and is open from Wednesday to Sunday between 13.00 and 20.00. Here, visitors can play a casual game of backgammon, sometimes with the designer herself. Penha e Costa’s next moves for the space involve hosting DJ sets and happy hours.
plus351.pt


 

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Beyond the headlines

the LIST: FROM monocle.com

Stories you might have missed

Feeling the heat? Take cover with three fresh stories from monocle.com.

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Where to eat and beat the heat in Paris: three new restaurants favoured by the fashion crowd


Monocle Radio: The urbanist

Tall Stories 516: Beirut’s Sporting Beach Club

Noor Amylia Hilda visits a gallant collection of concrete platforms and saltwater pools on Beirut’s coast that has outlasted the Lebanese Civil War, the 1982 Israel-Lebanon war and economic crises.


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