Good morning, Quartz readers!
What to watch for today
Greece talks with its debtors. Officials from the European Commission, the European Central Bank, and the International Monetary Fund will visit Athens, amid doubts whether the Greek government will open its books for inspection.
NASA fires its most powerful rocket. The QM-1 is the largest solid rocket motor ever built. When it undergoes testing today in Utah, the 801 ton (727 tonne) motor will produce the same amount of thrust as 14 Boeing 747 jumbo jets.
While you were sleeping
Sweden’s negative interest rates appear to be working. After six months of falling prices, the latest data showed a 0.1% uptick in February prices versus the prior year. The country’s central bank launched a bond-buying program and pushed its benchmark interest rate below zero last month.
Marvin Gaye’s family won a courtroom victory against “Blurred Lines.” Songwriters Robin Thicke and Pharrell Williams were ordered to pay $7.3 million, after a jury found that they copied elements of Gaye’s 1977 song “Got to Give It Up.” The trial was marked by a live courtroom performance from Thicke, who tried to demonstrate how many pop songs sound alike.
China’s president shuffled his security team. The South China Morning Post (paywall) reports that Xi Jinping has appointed new officials to lead the Central Security Bureau, which guards the senior Chinese leadership and is responsible for preventing internal coups. The bureau was formerly overseen by presidential aide Ling Jihua, who is being investigated for corruption.
A Wall Street high-flyer joined a bitcoin startup. Blythe Masters, a former JP Morgan executive who helped to popularize the use of credit default swaps, is the new CEO of Digital Asset Holdings (paywall). The company wants to use bitcoin to reduce the cost and speed of financial transactions for big banks and asset managers.
China missed a trio of economic expectations. Investment, retail sales, and factory output all fell short in the combined January-February period. The two months—combined to adjust for Chinese New Year—saw industrial output grow at the slowest pace since 2008, retail sales grow by the least in a decade, and fixed-asset investment grow the slowest in 14 years.
Quartz obsession interlude
Cassie Werber on Europe’s green superstars. “In 2010, the European Union set a goal of producing 20% of its total energy from renewable sources by 2020. The latest figures show that the union as a whole reached the 15% mark in 2013. But the combined figure includes some countries already exceeding their targets, while others lag far behind. Three out of the 28 EU member states have surpassed their 2020 goals.” Read more here.
Matters of debate
Surprising discoveries
China is touchy about Photoshop. A digitally-enhanced toothpaste ad resulted in a $1 million fine for Procter & Gamble.
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