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After days of questions about Donald Trump Jr.’s contacts with a Russian lawyer, the president’s son posted copies of emails on Twitter that showed he was offered “official documents and information that would incriminate Hillary.” The information was described as “part of Russia and its government’s support for Mr. Trump.” U.S. stocks fell after the Tweets.
Back in Britain. Brexit keeps getting more difficult. After her June election drubbing, British Prime Minister Theresa May today attempted a political “reset,” reaching out to opponents for help navigating Britain’s exit from the EU. But her own team immediately muddied the waters. Foreign Secretary Boris Johnson said the government has no Plan B in case Brexit negotiations fail, which was contradicted moments later by a May spokesman. Meanwhile, a Bank of England governor warned of Brexit’s impact on trade, and business leaders said they weren’t sure a U.S.-U.K. trade deal would come together quickly.
Super Mario. European Central Bank President Mario Draghi seems to be the most influential central banker in the world right now. BlackRock says Draghi’s words carry more weight than the Federal Reserve’s Janet Yellen, and Goldman Sachs Asset Management says his comments sparked the bond market retreat.
Batten down the hatches. The notoriously volatile bitcoin cryptocurrency could be headed for one of its most turbulent stretches yet. A civil war is breaking out among its minders. Rival factions are adopting competing software updates at the end of the month, raising the possibility that bitcoin will split in two. That would send shockwaves through the $41 billion market.
Just don’t mention the Armada. Spanish King Felipe’s trip to Britain, the first state visit in 31 years, begins Wednesday. The U.K. Foreign office is touting “500 years of partnership,” papering over the two nations’ historic conflicts, such as Britain’s defeat of the Spanish Armada in 1588 and the continuing dispute over Gibraltar.
Like father, like son? When Qatar’s emir handed over the reigns to his son Sheikh Tamim bin Hamad in 2013, he said he wanted the younger ruler to “turn a new page.” But just four years later, the world’s richest country is in a major crisis, facing sanctions from a Saudi-led bloc that says the father is still pulling the strings when it comes to foreign policy. Qatar’s emir is now paying the price for his father’s openness to Iran and other policies, critics say.
Hoovering diamonds off the seabed. Oil’s not the only commodity being found offshore anymore. Diamond giant De Beers has spent $157 million on a state-of-the-art exploration vessel that will search 6,000 square kilometers (2,300 square miles) of the ocean floor off the coast of Namibia for gems. See how it’s done.
Going upscale. French luxury giant LVMH aims to fight back against Apple with a $2,450 Louis Vuitton Tambour Horizon smartwatch. That’s eight times the price of an entry-level Apple Watch and significantly more than many others from European watch and fashion brands.
Compiled by Andy Reinhardt and Leila Taha