- Clinton loss in West Virginia signals trouble in Rust Belt (Reuters)
- GOP hopefuls struggle with support of Trump (Hill)
- Brazil Impeachment Vote May Spell Rousseff’s Last Day on Job (BBG)
- Staples-Office Depot Merger Collapses After Block by Judge (BBG)
- Tumbling Banco Popolare leads Italian bank shares lower (Reuters)
- Queen Caught on Camera Describing ‘Very Rude’ Chinese Officials (BBG)
- Hardcore Bear ETFs Poised to Swell Past Bulls as Inflows Surge (BBG)
- Sturgeon ‘reasonably confident’ Scotland will vote to stay in EU (Reuters)
- LendingClub Struggles to Assure Investors as Bond Deals Stall (BBG)
- Clinton wins Nebraska primary but gets no delegates (The Hill)
- U.S. to switch on European missile shield despite Russian alarm (Reuters)
- Port-Trucking Firms Run Into Labor Dispute (WSJ)
- U.S. companies are saving $100 billion a year by shifting profits overseas, report says (WaPo)
- Crop Prices Rally as Report Points to Easing of Glut (WSJ)
- Turkey refuses to change terrorism law in stand-off with EU (Reuters)
- Crooks, terrorists, tax evaders: Can new shell company rule stop them? (Reuters)
- Mitsubishi Motors says improper data may have been used for more models (Reuters)
Overnight Media Digest
WSJ
– House Speaker Paul Ryan acknowledged tensions within the Republican Party at the end of its turbulent presidential primary, and said he hoped meetings this week with presumptive nominee Donald Trump would help the GOP reach authentic unity, rather than have to “fake” it. (http://on.wsj.com/1sc0E0b)
– U.S. prosecutors said they wouldn’t seek the death penalty against a man accused of leading the 2012 attack on an American diplomatic compound in Benghazi, Libya, that killed an ambassador and three other people. (http://on.wsj.com/1sc0FRB)
– Allegations that Facebook Inc workers manipulated for political purposes the social network’s ranking of popular topics triggered new anxieties about the influence of Silicon Valley giants through both their software and their employees. Facebook denied a report that its “news curators” altered its list of “trending topics” by suppressing conservative viewpoints and injecting news stories that weren’t popular. (http://on.wsj.com/1sc2jme)
– Astronomers using NASA’s Kepler Space Telescope said they have confirmed the existence of 1,284 newly discovered planets around distant stars, doubling the number of alien worlds detected by the agency’s planet-hunting probe. (http://on.wsj.com/1sc2ga7)
FT
* The City of London Police said that Intercontinental Exchange’s London futures market has been used as a front for Russian organised crime, after it arrested two men for suspected money-laundering.
* Sadiq Khan, the new mayor of London, has cleared City Airport’s 300 million Pounds ($433.41 million) expansion plan by withdrawing City Hall’s objection to the airport buying land from the Greater London Authority.
* UK based economic think-tank, the National Institute of Economic and Social Research, said that real wages growth would be significantly lower if Britain quits the EU.
* Liberty Global would consider a takeover of Telefonica’s O2 in the UK. The acquisition has the potential of dramatically expanding Liberty’s mobile ambitions in Europe.
NYT
– Walt Disney’s ESPN and Verizon announced Tuesday the settlement of a lawsuit that accused Verizon of breaching its contract with the sports network when it created a new cable package for its Fios television service last year. (http://nyti.ms/1T8gdS8)
– Eric E. Schmidt, the executive chairman of Google’ parent company, Alphabet, may have unique insight into the multibillion-dollar lawsuit filed against his company by another Silicon Valley heavyweight, Oracle Corporation. (http://nyti.ms/1ZDotYT)
– Amid boos and catcalls, France’s Socialist government forced an overhaul of the country’s rigid labor laws through the National Assembly on Tuesday, hoping to bring down chronically high unemployment before elections next year. (http://nyti.ms/1sbZEsT)
– The chairman of the Senate Commerce Committee demanded on Tuesday that Facebook explain how it handles news articles in its “trending” list, responding to a report that staff members had intentionally suppressed articles from conservative sources. (http://nyti.ms/1sbzI0z)
Canada
THE GLOBE AND MAIL
** Alberta’s oil-sands producers are aiming for a speedy ramp-up of lost production north of fire-ravaged Fort McMurray, easing market fears that emergency shutdowns of more than one million barrels a day could extend indefinitely. (http://bit.ly/1US7TVV)
** Belt-tightening Canadian manufacturers look poised to follow the battered energy sector in cutting their spending budgets in 2016, deepening the country’s business investment woes, a new Statistics Canada survey indicated. (http://bit.ly/1US7KBV)
** Premier Kathleen Wynne’s cabinet is set to thrash out the Ontario government’s sweeping Climate Change Action Plan amid tensions between several ministers over how far the plan should go. (http://bit.ly/1US7jaJ)
NATIONAL POST
** A landmark deal by Canadian banks to embrace Apple Inc’s mobile wallet payment system Tuesday came on slightly more favorable terms than U.S. financial services firms received, according to a source familiar with the arrangement. (http://bit.ly/1US8fMj)
** Microsoft Corp on Tuesday announced that its two new Canadian datacentres are officially open. The facilities, located in Toronto and Quebec City, bring the number of regions in Microsoft’s cloud to 24. Globally, this represents a $15 billion infrastructure investment. (http://bit.ly/1US8FSR)
Britain
The Times
* Sports Direct and Yousuf Bhailok are expected to bid for Duff & Phelps, the administrator to BHS, which collapsed last month. (http://bit.ly/1OfVvxq)
* The huge box office success of the films Star Wars: The Force Awakens and Zootopia helped to lift profits at Walt Disney in the first quarter. (http://bit.ly/24JhLUD)
The Guardian
* British pound would plunge 20 percent immediately after a Brexit vote in June, according to the National Institute of Economic and Social Research. (http://bit.ly/24JihBZ)
* Amazon is poised to start selling fresh groceries including staples such as milk and bananas on the back of its tie-up with supermarket chain Morrisons. (http://bit.ly/24JijtE)
The Telegraph
* Tata Steel revealed on Monday that seven potential buyers have made it to the next stage of the sales process for its operations centred around the iconic Port Talbot plant in Wales. (http://bit.ly/24JiWn5)
* Channel 4 executives were paid close to the maximum allowed last year after the broadcaster enjoyed record sales in a buoyant television advertising market. (http://bit.ly/24Jj0Ds)
Sky News
* Nearly 30 global firms will pledge closer co-operation to stamp out corruption on Wednesday in a statement seen by Sky News. (http://bit.ly/24JjMA6)
* The National Audit Office said 58,000 workers were owed a total of 10.3 million pounds in the last financial year, according to HM Revenue & Customs. (http://bit.ly/24JjTvE)
The Independent
* BP hired Unaoil, a Monaco-based company, to carry out work in Iraq a year after it was linked to a corruption case, according to the Panama Papers. (http://ind.pn/24Jko90)
* Budweiser, owned by Anheuser Busch InBev, has rebranded itself to America ahead of the summer Olympics and November’s U.S. presidential election. (http://ind.pn/24JkCgn)
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