Thursday 14 June 2018

Thursday Morning Briefing: Trump to meet advisers on China tariffs as Beijing urges talks

Highlights

Trump will meet with his top trade advisers to decide whether to activate threatened tariffs on Chinese goods, a senior administration official said, as China again urged talks to settle the dispute.

With oil price recovery taking hold, several U.S. oil and gas companies entered 2018 with a compelling plan - sell undeveloped or less essential fields and invest the money to boost returns from their sweetest, most productive spots.

As images of North Korean leader Kim Jong Un strolling by revelers at a rooftop bar the night before an unprecedented meeting with Trump circulated around social media sites, U.S. citizens started asking ‘Where is Singapore?’.

The U.S. Justice Department’s internal watchdog will release a long-awaited report on the FBI’s handling of the Hillary Clinton email probe that she said contributed to her 2016 presidential election loss to Trump.

World

Macedonia’s president said he would not sign a landmark deal reached with Greece on changing his country’s name, dashing hopes of a swift end to a diplomatic dispute that has blocked Skopje’s bid to join the European Union and NATO.

A Sri Lankan court jailed for six months a Buddhist monk accused of inciting violence against Muslims after finding him guilty of intimidating the wife of a missing journalist, in a case seen as a test of the independence of the judiciary.

Commentary: The joint statement issued by the American and North Korean leaders after Tuesday’s Singapore summit is a shorter and weaker version of promises made by Kim Jong Un’s father and grandfather, writes James Dobbins, a former U.S. assistant secretary of state. One of the differences: “Trump and Kim have committed themselves to this effort earlier on in the process and more publicly than their predecessors did.”

 

Two @Reuters journalists have been detained in Myanmar for 185 days. Follow updates on the case: https://reut.rs/2JEiJAI

6:01 AM - JUN 14, 2018

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FIFA World Cup

Russian paramilitary units providing security for the soccer World Cup included among their members Cossack fighters who took part in clandestine campaigns in Ukraine and Syria that Kiev and Washington condemn as backed by Moscow.

Six Saudi female teenagers slated to serve as their country’s flag bearers at the World Cup’s opening match in Moscow will be replaced by Russians after their trip was canceled due to “logistical circumstances”, organizers said. For more World Cup coverage.

Breakingviews: Gianni Infantino, president of FIFA, is cooking up a $25 billion payday for soccer’s governing body and the sport’s top players. However, his financial backers will only make their money back in extra time - if at all.

Tech

Exclusive: Microsoft takes aim at Amazon with push for checkout-free retail

Microsoft is working on technology that would eliminate cashiers and checkout lines from stores, in a nascent challenge to Amazon's automated grocery shop, six people familiar with the matter told Reuters.

5 Min Read

Comcast offers $65 billion to lure Fox from Disney bid

Comcast offered $65 billion on Wednesday to lure Twenty-First Century Fox away from a merger with Walt Disney, setting up a bidding war between two of the largest U.S. media companies with its 20 percent higher offer.

5 min read

Musk's Boring Company wins bid to build high-speed system in Chicago

The City of Chicago has selected billionaire entrepreneur Elon Musk’s The Boring Company to build a high-speed underground commuter system from the Loop to O’Hare International Airport, one of the world’s busiest, media reported on Wednesday.

3 min read

Embattled ZTE seeks $10.7 billion credit line, nominates 8 board members

Chinese telecommunications giant ZTE has proposed a $10.7 billion financing plan and nominated eight board members in a drastic management overhaul, as it seeks to rebuild a business crippled by a U.S. supplier ban.

4 min read

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