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Markets are waking up. After a sleepy period, U.S. stock-market volatility took a sharp upward turn, rising the most since the U.K. voted to leave the European Union in June, according to one gauge. U.S. stocks are showing signs of a rebound after the worst selloff of the year left the world's richest 500 people worse off by $35 billion. Farther south, Brazil’s stock futures and currency plunged at the open after a fresh political crisis ensnared the country’s president. And across the Atlantic, sterling climbed above $1.30 threshold for the first time since September after strong retail sales growth in April. — Siraj Datoo
A clean break. That’s what Theresa May offered when she launched the Conservative Party’s manifesto, locking her party into plans for a hard Brexit: remove Britain from the single market and customs union, reducing immigration and a pledge to stop “making vast annual contributions” to Brussels.
It could have been much worse. Last week, computers were held ransom as a cyberattack on companies and critical infrastructure spread around the world. But experts say the code in question was actually shoddy work. As of May 16, the hackers had gathered just over $71,000. Next time, we might not be as lucky.
A steady hand. Praise rolled in for former FBI Director Robert Mueller, who was named special counsel to oversee the bureau’s investigation of Russia’s attempts to influence the 2016 election. Political furor has been mounting since the firing of FBI Director James Comey, but Mueller is well-regarded in Washington, and his appointment drew bipartisan support.
A king with a part-time job. Dutch King Willem-Alexander told De Telegraaf newspaper that for the past 21 years he’s been co-pilot as often as twice a month for KLM’s short-haul Cityhopper flights, and before that for Dutch carrier Martinair. Passengers rarely recognize his voice when he makes announcements, the 50-year-old king said. Up next for the monarch: learning to fly Boeing 737s.
Happy flying! Delta was previously known as a carrier that would pick fights and rankle competitors. But after a year under its new CEO, here’s why the biggest bully among U.S. airlines has started playing nice.
Would you let this guy run your company? The CEO-in-chief’s message to business has been simple: Finally, you have an executive in charge of the executive branch. Out of all the ways President Donald Trump might want to be measured, judging him as a chief executive would seem to be the most fair. So forget politics and ideology; If America were your company, would you leave him in charge?
Compiled by Siraj Datoo and Leila Taha
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