Abe’s Supermajority; Merkel Says Brexit Debate Over: Sunday Wrap

  • Boeing looks to close big orders at Farnborough show
  • End to China’s producer deflation may finally be in sight

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

The only remaining question in Japan’s upper-house election is whether Prime Minister Abe got the two-thirds majority he would need to amend the pacifist constitution. Only a handful of races remain to be called.

Australia Prime Minister Malcolm Turnbull claimed victory in that country’s election after a week of vote counting. The election also appears to have swung a Senate seat to a longtime fringe candidate who says the country is in danger of being “swamped” by Muslims.

German Chancellor Angela Merkel called the U.K.’s vote to leave the European Union a done deal that will have to be undertaken by the next U.K. prime minister and said it’s the U.K., not the EU, that needs a plan for the new reality.

Global trade ministers see cross-border investment falling as much as 15 percent this year, partly due to currency turmoil heightened by the pound’s post-Brexit plunge.

China’s producer price index fell by the smallest amount since late 2014, showing that the factory-gate deflation that has persisted since 2012 may finally be easing off.

President Obama cut short his trip to Spain and prepared to travel to Dallas to honor the five police officers killed by a sniper.

U.K. Labour Party leader Jeremy Corbyn remained defiant a day before he’s expected to face a formal challenge to his leadership from a former spokesman.

Deutsche Boerse AG will probably decide Monday whether to lower the threshold for approving its acquisition of London Stock Exchange Group Plc to 60 percent of investors, from 75 percent. Deutsche Boerse confirmed it is considering such a move but didn’t provide details and said no decision has been made.

Boeing is looking to close some $3.5 billion worth of orders with two European carriers for 737 Max jets - with a 787 Dreamliner included in one of the deals. Those deals, among others, are expected to be completed and announced this week at the bi-annual Farnborough International Airshow.

“The Secret Life of Pets” was a surprise hit for Universal Pictures in its first weekend of release in theaters, bringing in more than $103 million.

Canada Post is set to shut down on Monday if last-ditch negotiations with its unions don’t halt a lockout scheduled to take effect one minute after midnight. There would be no new packages accepted, and mail and parcels in the system now wouldn’t be delivered.

Southern Company bought a 50 percent stake in Kinder Morgan Inc.’s Southern Natural Gas pipeline system in a deal valued at about $1.5 billion -- the latest expansion into natural gas transportation by a utility as power demand ebbs.

U.S. legislation that would force airlines to refund bag fees if they then lose your luggage appears to be headed for approval in both chambers of Congress as part of a measure that must pass to keep the Federal Aviation Administration open past Friday.

Generally speaking, if you’d like to run for a high U.S. office as a Republican, you might not want to go on a national talk show and declare support for abortion rights. That’s what Michael Flynn, a retired Army general and defense intelligence chief supposedly on Donald Trump’s short list for vice president, did.

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