2016年5月23日星期一

Monday Morning Briefing: Obama’s Asia tour

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President Obama is in Vietnam, where he made news announcing that the United States is lifting its embargo on trade in lethal arms with the communist nation. Obama said the move was dependent on Vietnam honoring its commitments to protect human rights. The president is next in Japan for the Group of Seven nations summit, where he will also make a historic visit to Hiroshima.


Bayer is making an unsolicited $62 billion offer for U.S. seeds company Monsanto, potentially creating the world’s biggest agricultural supplier.


Digits of the day:

3,000

Egypt is sending a robot submarine to help with the search for the black box of the EgyptAir plane that crashed off the coast of Alexandria last week. The vehicle can reach a depth of 3,000 meters, and is usually used to maintain offshore oil rigs.

 


Around Wall Street

  • Samsung is on the go again. After peaking in 2013, a sharp drop in mobile device profits exposed Samsung as slow to adjust to the changing market: its budget devices were overpriced and unappealing versus Chinese offerings, and the 2014 version of its Galaxy S flopped. But as it has pared back its product line and focused on enhancing features, its business has stabilized, said Kim Gae-youn, vice president in charge of Samsung's smartphone product planning.
  • Saying that tobacco kills six million people per year, French insurer AXA is pulling out $2 billion worth of assets from the tobacco industry. "This decision has a cost for us, but the case for divestment is clear: the human cost of tobacco is tragic; its economic cost is huge," said incoming AXA Chief Executive Thomas Buberl.

Cannes Do

 

Director Ken Loach, Palme d'Or award winner for his film "I, Daniel Blake," during the closing ceremony of the 69th Cannes Film Festival in Cannes, France, May 22, 2016. REUTERS/Eric Gaillard

 


Around the World

  • Three climbers have now died trying to climb Mount Everest this year, and two more are missing, which follows the deaths of 18 last year and 16 in 2014. Hiking officials and climbing veterans say the deaths raise questions about the preparations and safety standards of some climbing operators, with cut-price local companies competing for business as international outfits scale back operations.
  • Brazil is taking its assets on the road, looking for foreign investment, in what could become the country’s most ambitious privatization drive in two decades. Up for sale at the so-called roadshows, which will probably happen in London and New York in mid-July: the fuel distribution unit of oil producer Petróleo Brasileiro SA and power utility Furnas Centrais Elétricas SA, and some of the facilities that airport authority Infraero runs.
  • Gandhi's political dynasty may be waning in India. The family, which has led the world's largest democracy for most of its existence, suffered humiliation last week when its Congress Party lost Assam, a region in northeastern India, to the ruling Bharatiya Janata Party (BJP) in a state election. The race was not even close, underlining the crisis facing the mother-and-son team of Sonia and Rahul Gandhi. 

Around the country

  • Making the rounds of the Sunday talk shows, Bernie Sanders remains defiantly in the race for the Democratic presidential nomination. Americans should not have to choose between "the lesser of two evils," he told ABC “This Week.” He took on DNC Chairwoman Debbie Wasserman Schultz on CBS’ “Face the Nation.” “Do I think she is the kind of chair that the Democratic Party needs? No, I don't," Sanders said.
  • A solar plane on a historic journey around the world using only the sun’s power, landed with much fanfare in Dayton, Ohio, on Sunday. Why Dayton? The locale was of special significance to the pilots, as the home base to aviation pioneers Orville and Wilbur Wright, and there was even a Wright descendant on hand to greet the flight.
  • Nick Menza, a former drummer for the heavy metal band Megadeth, died at age 51 after collapsing on stage at a Los Angeles club late on Saturday, a family spokesman said on Sunday. 

Today’s reason to live

Mission: Impossibly Cute

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