Monday Morning Briefing: China still preparing for talks as Trump cranks up pressure

Highlights

China said that a delegation is still preparing to go to the United States for trade talks, after U.S. President Donald Trump dramatically increased pressure on Beijing to reach a deal, saying he would hike tariffs on Chinese goods this week.

President Donald Trump said that Special Counsel Robert Mueller should not testify in Congress about the investigation into Russian interference in the 2016 presidential election, after saying on Friday it was up to the Justice Department’s top official.

Two U.S. warships sailed in disputed South China Sea, a move that angered Beijing at a time of tense ties between the world’s two biggest economies.

President Donald Trump blasted the results of the Kentucky Derby, saying the disqualification of first-finisher Maximum Security could only happen in “these days of political correctness.”

World

A deadly surge in violence in the Gaza Strip and southern Israel petered out overnight and Palestinian officials reported that Egypt had mediated a truce early.

Forty-one people on a Russian Aeroflot plane, including two children, died after the aircraft caught fire as it made a bumpy emergency landing at a Moscow airport, Russian investigators said.

State schools in Sri Lanka resumed classes amid tight security after the Easter Sunday bombings, but many anxious parents kept their children at home over fears of more attacks by Islamic militants.

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03:09 AM - 6 May 2019

Business

Global stocks reel as Trump tweets on China unnerve markets

European stocks tumbled to a one-month low and German bond yields slipped back into negative territory after U.S. President Donald Trump threatened to raise tariffs on China, triggering a global rout in risky assets.

5 min read

Occidental tweaks $38 billion Anadarko bid to remove shareholder vote

Occidental Petroleum Corp increased the cash component of its $38 billion bid to acquire Anadarko Petroleum Corp, removing a requirement for any deal to receive the approval of Occidental’s shareholders.

4 Min Read

Boeing did not disclose 737 MAX alert issue to FAA for 13 months

Boeing did not tell U.S. regulators for more than a year that it inadvertently made an alarm alerting pilots to a mismatch of flight data optional on the 737 MAX, instead of standard as on earlier 737s, but insisted the missing display represented no safety risk.

2 min read

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