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TOKYO Western Digital Corp (WDC.O) has sought international arbitration to stop partner Toshiba Corp (6502.T) from selling its chips arm without its consent, potentially derailing a much-needed capital injection for the Japanese conglomerate. California-based Western Digital is a long-standing joint venture partner and runs Toshiba’s main semiconductor plant in Japan. It has sought to bid for the Toshiba chips business, but is not seen as the front-runner, […]

Abu Dhabi // Sheikh Mohammed bin Zayed will hold talks at the White House with Donald Trump on Monday to discuss enhancing cooperation on counterterrorism, confronting Iran and other core issues in the increasingly close relationship. Over the course of what is expected to be a two-day visit to Washington, Sheikh Mohammed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, is also […]

Chancellor Angela Merkel’s conservatives won a surprise victory on Sunday in regional elections in Germany’s most populous state, giving Europe’s most powerful leader a big boost in the run-up to national elections in September.  The Christian Democrats took control of North Rhine-Westphalia from their Social Democrat rivals, dealing a heavy blow to SPD leader Martin Schulz as he bids to unseat Ms Merkel in Berlin.  Meanwhile, the […]

By Dustin Volz and Eric Auchard | WASHINGTON/FRANKFURT WASHINGTON/FRANKFURT U.S. and European officials scrambled to catch the culprits behind a massive ransomware worm that caused damage across the globe over the weekend, stopping car factories, hospitals, shops and schools, as Microsoft pinned blame on governments for not disclosing more software vulnerabilities. The attack, which leveraged malicious software that security researchers widely believe was stolen from the U.S. National […]

Sarah Tew Softbank-owned Sprint has begun informal talks to merge with T-Mobile US, according to Bloomberg. The two mobile carriers had previously held merger talks in 2014, but the deal fell through after regulatory concerns. Bloomberg reported talks between Sprint and T-Mobile are preliminary and no banks have been hired, yet. There’s also belief T-Mobile, the fourth-largest carrier in the US, could be acquired by a cable […]

By Michel Rose and Jean-Baptiste Vey | PARIS PARIS Emmanuel Macron took power as president of France on Sunday, vowing to restore the country’s status in Europe and the world and heal divisions in society — a nod to the bitter campaign the pro-EU centrist fought to defeat a far-right leader. The 39-year-old former investment banker, unknown to the wider public three years ago and whose May […]

Businesses must brace for further cyber attacks this week on a potentially “significant scale”, British intelligence officials warned on Sunday, less than 48 hours after the debilitating WannaCry infection swept across the world. Current data show more than 1.3m computer systems are still vulnerable to infection by WannaCry, which has paralysed hospitals, disrupted transport networks and immobilised businesses, according to cyber security analysts. So far, 200,000 computers […]

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By Ayesha Rascoe | WASHINGTON WASHINGTON The top Democrat in the U.S. Senate said on Sunday that Democrats would consider refusing to vote on a new FBI director until a special prosecutor is named to investigate President Donald Trump’s potential ties to Russia. Senate Democratic Leader Chuck Schumer said his caucus has not yet made a decision on whether to withhold their votes, but added that the […]

Three former employees of Donald Trump claim to have personally witnessed him recording phone calls at Trump Tower in New York, and a fourth person said a recording of him was entered into evidence in a lawsuit – the Wall St. Journal reports. Mr. Trump sometimes taped phone conversations with associates and others from his Trump Tower office in New York, according to three people who say […]

By Ayesha Rascoe and Michael Martina | WASHINGTON/BEIJING WASHINGTON/BEIJING The United States and China have agreed to take action by mid-July to increase access for U.S. financial firms and expand trade in beef and chicken among other steps as part of Washington’s drive to cut its trade deficit with Beijing. The deals are the first results of 100 days of trade talks that began last month, when […]

North Korea’s conducted its latest weapons test on Sunday, presenting South Korea’s Moon Jae-in with his first foreign policy challenge and raising fears that Pyongyang may have developed a new kind of missile. Japan’s defence minister said the missile had reached an altitude of 2,000km on its 700km journey, potentially indicating a new type of rocket. David Wright, a physicist and missile expert, wrote on the All […]

Authored by Paul Criag Roberts, “Fifty years ago, the streets of Leningrad taught me one thing: If a fight is inevitable, you must strike first.” Vladimir Putin In George Orwell’s 1949 dystopian novel, 1984, information that no longer is consistent with Big Brother’s explanations is chucked down the Memory Hole. In the real American dystopia in which we currently live, the information is never reported at all. […]

BEIJING British finance minister Philip Hammond said on Sunday Britain is a natural partner for China’s new Silk Road programme, and as it leaves the European Union (EU) it wants more trade with the world not less. China is one of the countries Britain hopes to sign a free trade agreement with once it leaves the EU, and London and Beijing have been keen to show that […]

Emmanuel Macron will formally become French president on Sunday and will immediately be put to the test by challenges from choosing a prime minister to pressing Germany to back a tougher EU stance on trade and investment. Mr Macron, a 39-year-old Europhile pro-business centrist, is taking over a country on edge after an unpopular Socialist presidency and a rollercoaster campaign marked by the qualification of the far-right […]

By Ju-min Park and Jack Kim | SEOUL SEOUL North Korea fired a ballistic missile on Sunday in defiance of calls to rein in its weapons programme, South Korean and U.S. officials said, days after a new leader took office in the South, pledging to engage it in dialogue. The U.S. Pacific Command said it was assessing the type of missile but it was “not consistent with […]

BUSBARI, Italy Financial leaders of seven leading world economies pledged stronger cooperation against cyber crime on Saturday and not to use foreign exchange to gain competitive advantage, but stuck to their cautious wording on trade, their final communique showed. Finance ministers and central bank governors from the United States, Canada, Japan, France, Germany, Italy and Britain met in the Italian city of Bari to discuss the world […]

Donald Trump said on Saturday that he could announce a new director of the Federal Bureau of Investigation within a week as the administration considers a shortlist of at least four candidates. At the weekend attorney-general Jeff Sessions and his deputy Rod Rosenstein were due to interview candidates to replace James Comey, who was ousted by Mr Trump in a move critics said was meant to frustrate an […]

By David Lawder and William Schomberg | BARI, Italy BARI, Italy The United States said on Saturday the world’s other rich economies were getting used to the policy plans of President Donald Trump, but Europe and Japan showed they remained worried about Washington’s shift. Officials from the Group of Seven nations met in southern Italy hoping to hear more about Trump’s plans which they fear will revive […]

Good morning. Here’s our morning roundup of all the media news you need to know. Want to get this briefing in your inbox every morning? Subscribe here. Washington was convulsed last night by icy nastiness, harsh language and people crying foul. Oh, that was the deciding game in a hockey playoff between the historically hard-luck Washington Capitals and Pittsburgh Penguins, just one of three major sports distractions […]

By William Schomberg | BARI, Italy BARI, Italy U.S. President Donald Trump’s economic policies risk creating growth that mostly benefits the rich and aggravates income inequality in the United States, Nobel Prize-winning economist Angus Deaton said.     Trump was swept to power on promises of help for poorer Americans but Deaton said his proposals to roll back regulations on finance and industry and cut healthcare benefits would […]

ABOARD AIR FORCE ONE U.S. President Donald Trump said on Saturday he wants to move quickly to nominate a new FBI director to replace James Comey, who he fired this week. Trump told reporters traveling with him on Air Force One that he may be able to make his decision on the Federal Bureau of Investigation head before he leaves in his first foreign trip later next […]

Elon Musk has an ambitious goal to decongest traffic through underground tunnels and he’s now shared footage of the project, but tread lightly. The video comes with a warning that it might trigger seizures or cause motion sickness. It shows a test run of an electric sled that would swiftly move cars through the tunnels at 125 mph (200 km/h), automatically shifting from one tunnel to another. […]

BARI, Italy Financial leaders of seven leading world economies will pledge stronger cooperation against cyber crime on Saturday and not to use foreign exchange to gain competitive advantage, but stick to their cautious wording on trade, a draft communique showed. Finance ministers and central bank governors from the United States, Canada, Japan, France, Germany, Italy and Britain are meeting in the Italian city of Bari to discuss […]

Good morning. Here’s our morning roundup of all the media news you need to know. Want to get this briefing in your inbox every morning? Subscribe here. It’s unclear where to start with President Trump’s interview with NBC’s Lester Holt that left the White House second-string spokesperson on a precipice better associated with the Flying Wallendas. “Trump’s account flatly contradicts the White House’s initial account of how […]

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