| | | | | | | | World | Italy’s prime minister and economy minister have formed an unofficial alliance with the president to prevent the euro zone’s third-largest economy being dragged into financial crisis by its ruling parties, sources say. Prime Minister Giuseppe Conte and Economy Minister Giovanni Tria, both technocrat appointees, have held private conversations with President Sergio Mattarella in recent days on ways of shielding Italy from a gathering political and financial storm. | | New president of El Salvador wields his power via Twitter, firing officials. As Nayib Bukele waged an underdog bid for the presidency of El Salvador, savvy use of social media helped propel his rise. Now, in his first week in office, some officials in the Central American country are reeling from the power of the presidential tweet. The 37-year-old former mayor of San Salvador has taken some of his first actions in office via Twitter, including giving officials the ax.
| | Judges at London’s High Court have thrown out an attempt to prosecute Boris Johnson, the frontrunner to succeed Theresa May as prime minister, for allegedly lying about Brexit during the 2016 EU referendum campaign. The case revolved around a claim famously emblazoned on Johnson’s “Leave” campaign bus that Britain would be £350 million a week better off outside the EU.
| | | | | | | | | Business | Toyota aims to get half of its global sales from electrified vehicles by 2025, five years ahead of schedule, and will tap Chinese battery makers to meet the accelerated global shift to electricity-powered cars.
4 min read | | U.S. stockpiles of Venezuelan cocoa swelled in May to levels not seen in at least five years, a Reuters analysis showed. Exporting cocoa is a niche business in the crisis-hit country, but one that is currently not subject to U.S. sanctions. Venezuelan cocoa has historically demanded high price premiums due to its high quality. But now some exporters are willing to forego these premiums in favor of quick cash.
5 Min Read | | Qatar Airways plans to seek compensation from Boeing over the grounding of three 737 MAX aircraft by Italian airline Air Italy, where the Qatari company is a major shareholder, group chief executive Akbar al-Baker told Reuters. Boeing MAX jets have been grounded worldwide and airlines are cancelling contracts following crashes in October and March that killed nearly 350 people.
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