A Redstone Takes Charge; Japan Unhappy About Yen: Saturday Wrapby
EgyptAir flight data may point to cause other than bombing
Sanders escalates party feud by backing chairman’s opponent
Here are highlights of the top breaking stories from around the world on Saturday:
The plot grew thicker still at entertainment giant Viacom Inc. as 92-year-old billionaire controlling owner Sumner Redstone, via a lawyer, said he removed CEO Philippe Dauman from the trust that will eventually run Viacom and CBS because Dauman was ignoring his concerns about the company’s performance. Viacom said the move was orchestrated by Redstone’s formerly estranged but now reconciled daughter Shari trying to isolate and control her father. The move leaves Dauman’s status in doubt and puts Shari Redstone in the most powerful position she’s had yet to control Viacom and CBS once Sumner Redstone dies or is declared incompetent.
Flight data leaves open the possibility that the EgyptAir plane that crashed into the Mediterranean was brought down by something other than a bomb blast. There was a gap of three minutes from when electronic signals reported on-board smoke to when the plane passed out of radar contact. When a Malaysian airliner was shot down over Ukraine, it happened so fast that sensors never sent any signals at all. Egyptian air authorities cautioned against reading too much into the data at this early stage of the investigation.
Amid the usual sort of post-conference language at the G-7 finance ministers’ meeting was open conflict involving the U.S. and Japan about what currency fluctuations are doing to the yen. The global finance chiefs did unanimously agree that a U.K. departure from the European Union would be bad for the European and world economies.
Suncor, Canada’s largest energy producer, will get ready to restart oil-sands production after regional authorities gave the all-clear. Cooler weather, calmer winds and rain have helped firefighters in Alberta gain the upper hand on wildfires that have consumed an area four times the size of New York City and forced the abandonment of facilities producing 1 million barrels of oil a day.
Toyota Motor will work with Segway inventor Dean Kamen to develop smart wheelchairs that can climb stairs and raise a person upright to meet someone face to face -- and possibly other applications later.
U.S. Democratic presidential candidate Bernie Sanders escalated his feud with party leaders by saying he’ll back the primary opponent of Democratic National Committee head Debbie Wasserman Schultz, who’s running for re-election to her House seat from Florida. The opponent is a little-known law professor who has been an adviser to ... Bernie Sanders.
Pakistan pulled off an interest-rate cut that none of the 22 economists surveyed in advance saw coming, a move that an analyst said comes off as populist.
Venezuela flexed its muscles with the biggest war games in its history, showing tanks, armored vehicles and a new anti-aircraft system on national television, as President Nicolas Maduro’s opponents push for his recall.