Morning News Bulletin
An update on euro zone inflation. European Central Bank president Mario Draghi says the improving economy is likely to drive up prices as “deflationary forces have been replaced by reflationary ones.” Yet analysts expect the June inflation rate to drop to 1.2% from 1.4% in May.
Three Tepco executives appear in court. The trio faces criminal charges for professional negligence after the 2011 Fukushima nuclear disaster, which killed more than 40 people. All three have pled not guilty.
Senate Republicans attempt to resuscitate their healthcare bill. After delaying the vote this week, it’s the GOP’s final opportunity to shore up its divisive legislation before an Independence Day recess. Moderate senators say securing enough votes will be “very difficult.”
Germany’s parliament votes on same-sex marriage. The move follows a reversal from chancellor Angela Merkel, who urged lawmakers to vote according to their conscience despite a long history of opposition by her Christian Democratic party.
Iraq declared the end of the Islamic State’s caliphate. After eight months of urban warfare, Iraqi troops captured the ruins of the 850-year-old Mosul mosque, where ISIL proclaimed its fundamentalist Islamic state nearly three years ago. The battle for Mosul is expected to end in the next few days, and ISIL’s onetime stronghold of Raqqa is also teetering.
Walgreens backed out of buying Rite Aid. Following resistance from US regulators, the US pharmacy reneged on the $6.8 billion merger. Instead, it will purchase more than 2,000 stores, three distribution centers, and related inventory from Rite Aid for about $5.18 billion in cash.
The UK blocked Rupert Murdoch’s Sky purchase. Media secretary Karen Bradley said that the $15 billion deal would give the mogul too much power across TV, radio, newspaper, and online news. Regulators will now subject 21st Century Fox’s purchase of the satellite TV firm to a lengthy in-depth investigation.
Elon Musk’s Boring Company finished digging the first section of its Los Angeles tunnel. Prior to the Tesla CEO’s encouraging tweet, no one knew when the city would allow the digging machine named “Godot” to break ground.
Trump assailed an MSNBC host. Angry at harsh treatment by the “Morning Joe” program, the US president tweeted coarse insults about “crazy” Mika Brzezinski “bleeding badly from a facelift.” Leaders from both parties condemned his behavior.
Thousands of police officers have been deployed to keep protesters at bay as President Xi Jinping of China starts the second day of a three-day visit to Hong Kong for the 20th anniversary of the city’s return to Chinese rule. Raucous chants and displays of defiance have shocked tourists from mainland China, where such free expression is severely restricted.
Portions of President Trump’s travel ban are set to go into effect within hours. The State Department issued guidelines on the “close family” test for visitors from six predominantly Muslim countries. According to a diplomatic cable NYTimes obtained, parents, spouses, children, in-laws and stepchildren qualify as “close family,” but grandparents, aunts and uncles do not. Here’s what we know about who’s affected. Mr. Trump faced a swift and bipartisan backlash after a crude tweet about a television host’s face-lift.
South Korea’s president, Moon Jae-in, met U.S. congressional leaders, including members of the Foreign Affairs and Armed Services Committees, ahead of a dinner at the White House and talks on North Korea with Mr. Trump. The White House national security adviser said Mr. Trump would meet next week with President Vladimir Putin of Russia on the sidelines of the Group of 20 meeting in Germany. Chancellor Angela Merkel predicted the meeting would include “very difficult” talks with the U.S. on climate and trade.
A former Australian prime minister, Tony Abbott, defended the character of Cardinal George Pell, the country’s most senior Roman Catholic prelate and the Vatican’s de facto finance c...