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Snap Inc. doesn't look like it will disappear. The latest tech wunderkind to brave the stock market made its debut today, and shares shot up past $25, well above the $17 offer price. In France, Emmanuel Macron took the spotlight as Marine Le Pen ran into a spot of Twitter trouble. Over on Instagram, an emerging modest fashion movement is shaking up a $44 billion industry. — Siraj Datoo
The Swedes are bringing back conscription. With tensions growing and an increased Russian military presence in the Baltic, 13,000 men and women born from 1999 onwards will be eligible for an enrollment call-up from 1 July. At least 4,000 of them will be liable for compulsory military service from 2018.
Donald Trump's Russia problems aren't going away. Senior Republicans think Attorney General Jeff Sessions should recuse himself from an investigation into alleged Russian interference in last year's election; some Democrats have called for his resignation. Sessions is in the spotlight after the Justice Department (which he runs) confirmed that Sessions spoke with Russian Ambassador Sergey Kislyak two times last year. The White House dismissed the controversy as a partisan attack.
Macron shows he's a man with a plan. With Republican candidate Francois Fillon's support at a low ebb and the man himself facing a criminal probe, Emmanuel Macron made something of a land grab when he launched his policy platform. In a two-hour presentation Macron promised to cut costs and bureaucracy and promote investment in France's economy. Marine Le Pen, the National Front candidate, also had an eventful day. She was stripped of her European Parliament immunity from prosecution.
Snap Inc. goes public. In the biggest social-media stock listing since Twitter, more than three years ago, shares of the technology company opened at $24 and jumped as trading began. The app-maker sold 200 million shares in its initial public offering at $17 each, above the marketed $14-$16 range. CEO Evan Spiegel is probably hoping the money doesn't disappear in 24 hours.
These women woke up a $44 billion industry. Something curious has happened to the apparel industry in the last few years: So-called modest fashion has started to take off. Meet the Muslim women inspiring a revolution in clothing that looks great while still respecting their religious values.
Britain needs companies like this, but Brexit may scare them off. Braxair develops software for complex engineering projects. By any definition, it's a local success story, yet with the possibility of visa restrictions for EU citizens, and an uncertain economic future, CEO Alasdair Pettigrew isn't afraid to relocate. You can read his story and those of three other British businesses in our continuing series, On Brexit’s Front Lines.
I wanna be a billionaire... But these people have beaten you to it. The Bloomberg Billionaires Index is a daily ranking of the world's richest people. It's updated every day and you can view profiles for each of the world’s 500 richest people, see the biggest movers, and compare fortunes or track returns. Click the graphic for more.
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