Verizon Wins Yahoo; Sanders Says ‘I Told You So’: Sunday Wrap

  • Turkish prime minister says post-uprising purges nearly over
  • IOC stops short of banning all Russians from Olympics

Here are highlights of Sunday’s top breaking stories from around the world:

Verizon Communications will announce before Monday’s market opening that it is buying Yahoo’s core assets for $4.8 billion, ending Marissa Mayer’s efforts to salvage the Internet pioneer as a standalone company.

The G-20 finance ministers’ meeting in China stood out for the level of concern about the backlash against globalization, as evidenced by the U.K. vote to leave the European Union and the tone of the U.S. presidential campaign.

The furor over a WikiLeaks release of e-mails proving the ostensibly neutral Democratic National Committee favored Hillary Clinton for the party’s nomination for U.S. president -- just as opponent Bernie Sanders said all along -- forced out DNC Chair Debbie Wasserman Schultz on the eve of the party’s nominating convention. A delighted Donald Trump spelled her name wrong in a tweet.

Former New York City Mayor Michael Bloomberg, who considered an independent run for president before concluding it would only help elect Trump or Ted Cruz, will endorse Clinton. Bloomberg is the founder and majority owner of Bloomberg LP, the parent company of Bloomberg News.

Trump went beyond his comments about possibly not defending some NATO countries to say he’d look seriously at withdrawing from the World Trade Organization. Obama said the comments on NATO show how unprepared the Republican nominee is on foreign affairs. Trump not only confirmed that he’s looking to fund super PACs dedicated to destroying defeated primary opponents Cruz and John Kasich if they ever run for office again, but said he may have a third target in mind -- someone who is “small.”

Turkish Prime Minister Binali Yildirim ruled out early elections and said the government plans a multibillion-dollar infrastructure fund to keep growth on track after this month’s failed coup. He also said the post-uprising purges are just about over.

The IOC punted a decision on banning Russia altogether from the Olympics to individual sport federations, with directions that athletes be approved case by case only if they can prove they’re clean with a paper trail of drug-testing results from somewhere other than Russia. Russia said it was OK with that outcome.

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