Trump’s ‘Dream’ of Bikers, Brexit Foes’ New Tack: Sunday Wrapby
Saudi Arabia’s foreign assets fall to lowest in four years
Japan will probably hold up tax increase over slow economy
Here are highlights of Sunday’s top breaking stories from around the world, ahead of holidays in the U.S. and Europe:
Donald Trump’s appearance at the annual Rolling Thunder pre-Memorial Day biker gathering in DC wasn’t quite what he hoped for -- he said he’d anticipated crowds like Martin Luther King Jr. had for his “I Have a Dream” speech. Not quite. The presumptive Republican presidential nominee did take the opportunity to say illegal immigrants are treated better in the U.S. than veterans.
Speaking of immigration: David Cameron’s Brexit opponents are now making immigration part of their campaign to have the U.K. leave the EU.
An aide to Japanese Prime Minister Shinzo Abe said the country probably has no choice but to delay a planned sales-tax increase to help with economic recovery.
Belgian postal company Bpost SA said negotiations to buy PostNL NV of the Netherlands have ended after days of speculation of a merger. PostNL trading had been halted Friday on a newspaper report of a possible deal.
Saudi Arabia’s foreign assets fell for the 15th month in a row, to a four-year low, as low oil prices forced it to keep selling bonds and draw down on its still-enormous currency reserves.
Royal Bank of Scotland Group is cutting 450 service jobs as it retrenches its operations in the U.K.
Prime Minister Benjamin Netanyahu denied reports in Israeli newspapers and on TV that police have recommended charging his wife with misusing state funds through extravagant spending on their residence.
The German airline Lufthansa indefinitely suspended flights to Venezuela, citing the cratering economy and currency controls that have left profits trapped in the country.
Canada’s largest energy company is resuming oil-sands operations following the huge wildfires in Alberta that knocked out 1 million barrels a day of output.
Nigerian President Muhammadu Buhari said a strong currency invariably goes hand in hand with a strong economy -- days after the country’s central bank president said the economy will probably slip into a recession and announced plans to introduce more flexibility in the foreign-exchange market.