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Americas

Panama Papers law firm closes Jersey, Gibraltar offices

Mossack Fonseca building in Panama. Picture: EPA/ALEJANDOR BOLIVAR

The announcement came nearly eight weeks after the first reports about the Panama Papers emerged

Americas

Demonstrators face off at Trump rally in California

PROTEST BLUES: A demonstrator hides part of her face as she protests near the convention centre where US Republican presidential candidate Donald Trump held a rally in Anaheim, California on Wednesday. Picture: REUTERS

Trump is arguably one of the most divisive politicians in recent American history and his rhetoric has prompted widespread outrage

Asia-Pacific

Obama wraps up historic Asia trip

INDIGNATION:  US President Barack Obama, left, and Japanese Prime Minister Shinzo Abe shake hands after a press conference after their bilateral meeting in Shima, Japan,  on Wednesday. Picture: AFP PHOTO/JIM WATSON

Obama formally reset the relationship with Washington’s former foe by lifting an arms embargo, four decades after the US withdrew its last troops

Europe

London Mayor Khan starts review of capital’s terror preparedness

Britain's new London Mayor Sadiq Khan. Picture: AFP

Review will assess the ability of agencies and authorities to cope with ‘multiple simultaneous incidents’ in UK capital

Asia-Pacific

G-7 makes global growth ‘an urgent priority’

Japanese Finance Minister Taro Aso at the Group of Seven finance ministers and central bank governors' meeting in Sendai, Japan, on Saturday. Picture: AFP PHOTO/KAZUHIRO NOGI

Group of Seven leaders pledge to seek strong global growth, while papering over differences on currencies and stimulus policies

Americas

Award-winning architect builds ‘half houses’, says slums should inspire

Chilean architect, Alejandro Aravena, speaks during an interview at the opening of the 15th International Architecture Exhibition in Venice on May 25, 2016. Picture: AFP/VINCENZO PINTO

Chilean architect Alejandro Aravena wants city councils to stop fighting urban migration and look to sprawling slums of Latin America as inspiration for new housing

Asia-Pacific

China’s central bank condemns foreign media reports on yuan

People walk past the headquarters of the People's Bank of China (PBOC), the central bank, as two paramilitary police officials patrol around it in Beijing. Picture: REUTERS

People’s Bank of China says on its official Weibo account the reports ‘fabricated facts, misled readers, misled markets’, and it reserves right to take legal action

Opinion

AT HOME AND ABROAD: A scary right-wing wave is sweeping a fractured world

Don’t imagine you would be better off leaving the country, for the wider world seems also to be undergoing a spasm of political lunacy

A technician analyses blood samples. The clinic in Rio de Janeiro searches for dengue, Zika and chicungunya viruses in blood, a process that takes 30 minutes. Picture: AFP PHOTO/VANDERLEI ALMEIDA

Timeline of Zika’s origin and global spread

Timeline charting origin and spread of Zika virus from its discovery nearly 70 years ago by scientists researching yellow fever in Zika Forest in Uganda

Americas

Cellphone-cancer link found in government study

Picture: THINKSTOCK

Major study on rats finds a link between mobile phones and cancer, an explosive finding in the debate about whether mobile phones cause health effects

Europe

State to assess if Sharia courts in UK are biased against women

Members of the Belgian branch of Germany’s anti-Islam group Patriotic Europeans Against the Islamisation of the West, known as PEGIDA, take part in a demonstration in Antwerp this week.  Picture: REUTERS

There are an estimated 30 Sharia councils in the UK, giving Islamic divorce certificates and advice on other aspects of religious law, British media reported

Europe

Hollande defiant in face of French industrial unrest

Francois Hollande. Picture: REUTERS

President François Hollande vows to ‘stand firm’ over a controversial labour law, hitting back at unions that urged workers to step up a wave of industrial action

Americas

Europe’s anti-terror efforts improve on ‘greater will to work with US’

San Francisco City Hall is lit up with blue, white and red, the colors of the French flag, following the Paris terror attacks, in San Francisco, California on Friday. Picture: REUTERS

The US state department says recent attacks in Paris and Brussels have highlighted the need for better collaboration between the US and Europe

African News

France sends underwater probes to EgyptAir search zone

Egyptians light candles during a candlelight vigil for the 66 victims of the EgyptAir MS804 flight that crashed in the Mediterranean Sea, at the Cairo Opera House in the Egyptian capital on May 26, 2016.
Picture: AFP/KHALED DESOUKI

Search teams are working against the clock to recover the two black box recorders, as signals that help locate them in deep water cease transmitting after about 30 days

Americas

Obama lays into tweet lover Trump

PROTEST BLUES: A demonstrator hides part of her face as she protests near the convention centre where US Republican presidential candidate Donald Trump held a rally in Anaheim, California on Wednesday. Picture: REUTERS

US president disparages US Republican presidential candidate Donald Trump, saying the billionaire seeks tweets over solutions

Asia-Pacific

China dismisses G-7’s ‘strong message’ on maritime claims

From the left, Italian Prime Minister Matteo Renzi, Japanese Prime Minister Shinzo Abe, German Chancellor Angela Merkel, US President Barack Obama, French President Francois Hollande, European Council president Donald Tusk, European Commission president Jean-Claude Juncker , Canadian Prime Minister Justin Trudeau and British Prime Minister David Cameron leave after the first day of talks at  the Group of Seven summit in Japan on Thursday. Picture: AFP PHOTO

China’s increased aggression in South China Sea claims, North Korea ‘hell bent’ on nuclear weapons, and strained emerging economies top Group of Seven agenda


International companies


Europe

Bayer said close to picking financing Banks for Monsanto Bid

Picture: REUTERS

The company is seizing the opportunity to expand its business

Americas

Google claims a victory in copyright battle with Oracle over Java software

IN THE SPOTLIGHT: Google executive chairman Eric Schmidt speaks at the Google Big Tent event in London on Wednesday. Picture: REUTERS

A jury upheld claims by Google that its use of Oracle’s Java development platform to create Android was protected under the fair-use provision of copyright law

Opinion

Drama above Atlantic ocean for EasyJet passengers

Passengers disembark from the EasyJet plane on the island of Porto Santo, Portugal. Picture: MARK SMYTH

Journalist Mark Smyth reports on how British press reported he nearly died when plane was forced to make emergency landing on island off North African coast

INTO THE FRAY: US wireless service provider AT&T has emerged as a bidder for Yahoo assets, pitting it against Verizon Communications. Picture: REUTERS/SHANNON STAPLETON

Digital ads a clue to AT&T’s Yahoo bid

AT&T emerges alongside Verizon and several other bidders interested in Yahoo with an eye on its advertising technology

Asia-Pacific

Takata in bail-out talks after safety recall

A technician holds a recalled Takata air bag inflator. Picture: REUTERS

Takata enters bailout talks with potential investors include private equity firm KKR after recall over air bag malfunction cripples company

Europe

Telecom Italia dangles big carrot for CEO

Flavio Cattaneo. Picture: BLOOMBERG

Shareholders approve bonus of €40m for CEO, Flavio Cattaneo, which he’ll receive if successful in turnaround for Italy’s biggest phone company

Europe

Bright start for Philips Lighting in stock market debut

An employee demonstrates motion sensors on an organic light-emitting diode installation at a Philips laboratory in Aachen, Germany, in May last year.  Picture:  BLOOMBERG/JASPER JUINEN

Philips will now focus on its healthcare business, where it expects both high growth and higher margins than in lighting

Americas

Apple explores charging stations for electric vehicles

Picture: AFP PHOTO/TIMOTHY A CLARY

Property owners reluctant to install charging stations before electric vehicles hit road en masse, while drivers wary of buying vehicles until stations widely available

Asia-Pacific

Takata will restructure, seek cash amid air-bag recalls

ROCKY ROAD: Technician Edward Bonilla holds a recalled Takata air bag inflator after he removed it from a Honda Pilo. Picture: REUTERS

Takata hires investment bankers to seek cash infusion and negotiate with auto makers over ballooning costs it faces for rupture-prone air bags linked to 11 deaths

Americas

Outed billionaire to fund legal battle

Peter Thiel.  Picture: REUTERS

Silicon Valley billionaire Peter Thiel confirmed he is funding a legal battle against Gawker Media, which ‘outed’ him nearly a decade ago

Opinion

Economics could benefit refugees

Migrants and refugees arrive in the first international-standard refugee camp set by

Improve resettlement with matching mechanisms

Europe

Anger at pro-EU skinhead ad

Picture: REUTERS

Poster designed to encourage ethnic minorities in the UK to vote in June’s European Union membership referendum sparks fierce criticism

Americas

Republican’s only candidate nets all the delegates needed

Republican US presidential candidate Donald Trump signs autographs after a rally with supporters in Albuquerque, New Mexico on Tuesday. Picture: REUTERS

Donald Trump has reached the number of delegates needed to secure the Republican Party’s presidential nomination

Opinion & Analysis

Trump doesn’t grasp why US succeeds

Republican presidential candidate Donald Trump addresses a rally in Bismarck, North Dakota, on Thursday. Picuture: AFP PHOTO/SPENSER PLATTE

Donald Trump misses a crucial point: the US has powerful allies not only because it is too, but also because of its enduring commitments — including trade relations, writes Martin Wolf

DRIVEN:  A logo on the windscreen identifies a US member of Uber.  Picture: REUTERS/ROBERT GALBRAITH

NEWS ANALYSIS: Car makers rush to do deals with ride-hail drivers

Car makers now recognise they may turn ride-hailing services and car-sharing companies into steady customers for all sorts of vehicles, write Joseph White and Paul Lienert

Americas

US mavericks grab attention with possibility of Trump-Sanders debate

Republican Presidential candidate Donald Trump addresses supporters during a political rally at the Phoenix Convention Center in Phoenix, Arizona. Picture: AFP

Democratic front runner Hillary Clinton would be left on the sidelines

Europe

French labour protests hit fuel supplies

FIERY:  Trade unionists block the entrance of the Nogent Nuclear Power Plant to protest against new labour laws. Picture: EPA/CHRISTOPHE PETIT TESSON

France’s hardline CGT union members blockade nuclear plants and fuel delivery depots over contested labour law reform

Asia-Pacific

China dismisses G-7’s ‘strong message’ on maritime claims

From the left, Italian Prime Minister Matteo Renzi, Japanese Prime Minister Shinzo Abe, German Chancellor Angela Merkel, US President Barack Obama, French President Francois Hollande, European Council president Donald Tusk, European Commission president Jean-Claude Juncker , Canadian Prime Minister Justin Trudeau and British Prime Minister David Cameron leave after the first day of talks at  the Group of Seven summit in Japan on Thursday. Picture: AFP PHOTO

China’s increased aggression in South China Sea claims, North Korea ‘hell bent’ on nuclear weapons, and strained emerging economies top Group of Seven agenda

Americas

Microsoft to streamline smartphone hardware business

Picture: MARTIN RHODES

Software giant insists it is not exiting mobile phone business and will focus efforts in areas where it has ‘differentiation’

Americas

US economy gains steam but capital investment lags

Picture: ISTOCK

Durable goods orders increase 3.4% in April while core capital goods orders fall 0.8% for the third month in a row

Americas

US mavericks grab attention with possibility of Trump-Sanders debate

Republican Presidential candidate Donald Trump addresses supporters during a political rally at the Phoenix Convention Center in Phoenix, Arizona. Picture: AFP

Democratic front runner Hillary Clinton would be left on the sidelines

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