- Kuwait’s Emir Moves to Mediate Saudi-Qatar Crisis (BBG)
- Qatari riyal under pressure as Saudi, UAE banks delay Qatar deals (Reuters)
- Qatar's dispute with Arab states puts LNG market on edge (Reuters)
- Trump seeks legislative wins as clock ticks, Russia probe looms (Reuters)
- Democrats aim to turn anti-Trump sentiment into votes in Virginia (Reuters)
- Don’t Count on China as Next Climate Crusader (WSJ)
- In Trump’s White House, Everything’s Coming in ‘Two Weeks’ (BBG)
- Venezuela Tries to Resell Bonds at Deep Discount (WSJ)
- The World’s $100 Trillion Question: Why Is Inflation So Low? (BBG)
- Most Americans want 'aggressive' action on climate change: (Reuters/Ipsos poll)
- Russia scrambles jet fighter to intercept U.S. bomber over Baltic Sea (Reuters)
- UK police face questions over London attack as third suspect named (CNN)
- South Africa Has Second Recession in Eight Years (BBG)
- Russia's plan to borrow in yuan stumbled over Panda bonds: deputy finance minister (Reuters)
- J.Crew Says Mickey Drexler to Step Aside as CEO (WSJ)
- Harvard Endowment Ditches Hedge Fund Run by Alumnus (BBG)
- Q&A With Steve Schwarzman: ‘There Are No Brave Old People in Finance’ (BBG)
- Robert Mueller Drops Takata Air-Bag Assignment Due to Russia-Probe Post (WSJ)
- Five Questions About the Fed's $4.5 Trillion Balance Sheet (BBG)
- Trump’s America Is Facing a $13 Trillion Consumer Debt Hangover (BBG)
- Will Privatized Air Traffic Control Put You in Danger? (BBG)
- Airlines Say Travelers May Be Growing Accustomed to Terror Spree (BBG)
Overnight Media Digest
WSJ
- Apple Inc revealed a voice-activated speaker, thrusting itself into the rapidly escalating fight between the biggest names in technology to control the home through a tabletop device. on.wsj.com/2r0k46J
- J.Crew Group Inc said its longtime leader Mickey Drexler will step aside as chief executive and hand over those duties to an outsider, as the seller of preppy clothes struggles with a prolonged sales slump and hefty debt load. on.wsj.com/2r0csRZ
- Drugmaker Perrigo Co announced that current chief executive John Hendrickson is retiring. The company has begun a search for a replacement. on.wsj.com/2r0dflF
- Airlines from the United Arab Emirates - including heavyweights Emirates Airline and Etihad Airways - Saudi Arabia, Bahrain and Egypt suspended flights to Doha on Monday, hours after their countries announced they were cutting diplomatic, air and maritime links to Qatar. The step marks an escalation in a dispute over Qatar's alleged support for Islamist groups in the region. on.wsj.com/2r08bhb
- The special counsel investigating Russia's alleged interference in the 2016 presidential election relinquished an assignment steering compensation to victims of rupture-prone Takata Corp air bags, potentially delaying nearly $1 billion in payouts to auto makers and consumers. on.wsj.com/2r0dld1
- Germany's third-largest shipping firm, Rickmers Holding AG, filed for insolvency after it was cut loose by one of the country's biggest shipping lenders, a sign Germany's long-simmering shipping crisis has reached a boiling point. on.wsj.com/2qWccmQ
- General Motors Co Chief Executive Mary Barra faces shareholders this week, under pressure from a hedge-fund investor and fresh scrutiny following the ouster of her counterpart at a crosstown rival. on.wsj.com/2qWyNzA
FT
- DP Eurasia will join the London Stock Exchange next month. The company controls the Domino’s Pizza franchises in Turkey, Russia, Azerbaijan and Georgia.
- Channel 4 appointed Alex Mahon as its chief executive. Mahon, joining from the special effects business Foundry, is Channel 4's first female chief executive.
- Uber Technologies Inc hired Frances Frei, a Harvard Business School professor, to help transform the car-hailing company before it publishes an internal investigation into its workplace culture. Frei has been advising Uber’s leadership team for several months as it went through the crisis.
- J Crew’s long-time Chief Executive Officer Mickey Drexler is stepping down and will be succeeded by James Brett, former president of retail store West Elm. Brett will take over as chief executive in July and also join J Crew’s board of directors.
NYT
- Retailer J Crew said Millard Drexler would step aside as Chief Executive and James Brett would succeed him in July. This is the second major executive change in recent months at the company. Jenna Lyons, its long-time executive creative director, had resigned in April. nyti.ms/2rvAGqB
- The real estate company owned by the family of Jared Kushner, son-in-law and senior adviser to President Trump, is seeking $250 million to pay off its partners and lenders in a Jersey City apartment tower financed by Chinese investors through a program criticized as offering United States visas for sale. nyti.ms/2rvfnpa
- A Breitbart News editor said on Monday that she had been fired from the conservative news site for the anti-Muslim tweets she sent after an attack in London on Saturday. nyti.ms/2rvrPFh
- U.S. President Donald Trump endorsed a proposal to privatize air traffic control, seizing on a decades-old idea as proof that he is advancing the ambitious infrastructure rebuilding plan he promised during his campaign but is still months from delivering. nyti.ms/2rviSMu
Canada
THE GLOBE AND MAIL
** The federal government says it is concerned about high cellphone prices and is ordering the telecom regulator to review a recent ruling on roaming that makes it harder for some small wireless companies to provide inexpensive service. (tgam.ca/2rGPD7O)
** The consumer watchdog charged with overseeing Canada's banks is pledging to publish "initial findings" from a review of sales practices by the end of the year. (tgam.ca/2syIaaZ)
NATIONAL POST
** Montreal-based Osisko Gold Royalties Ltd said it is more than doubling its precious metals portfolio with the C$1.13 billion acquisition of diamond, gold and silver assets from U.S. private equity firm Orion Mine Finance Group. (bit.ly/2sMRo2o)
** The marijuana sector's first streaming company Cannabis Wheaton Income Corp, which came roaring onto the marijuana scene a month ago, has canceled an C$80 million financing deal with investment banks that also have stakes in the company. (bit.ly/2sc1aPd) (
Britain
The Times
One of the London Bridge attackers was free to carry out the atrocity despite working for a man accused of helping to train the July 7 bombing ringleader and being under investigation by police and MI5. bit.ly/2rY8SwC
KPMG has written to hundreds of its present and former partners to warn them about a dispute with the taxman over a bill dating from seven years ago that could lead to them being hit with demands for millions of pounds in taxes. bit.ly/2rXU9S8
The Guardian
British Airways has ordered an independent investigation into the systems meltdown that left 75,000 passengers stranded over the bank holiday weekend. bit.ly/2rXTNLl
HSBC Holdings PLC is offering its employees cash bonuses of up to 2,500 pounds ($3,226) if they can persuade a colleague to move from London to the bank's new British headquarters in Birmingham. bit.ly/2rY4hdJ
The Telegraph
Channel 4 has appointed Alex Mahon of the special effects software company Foundry as its next chief executive, to steer it through choppy political and commercial waters. bit.ly/2rYzeym
Pollen Street Capital, which owned Shawbrook before floating it on the stock market two years ago, and BC Partners have lifted their offer for Shawbrook IPO-SHAW.L by 10p a share to 340p. bit.ly/2rXPfom
Sky News
Scotland Yard has named two of the terrorists involved in the London Bridge attack as Khuram Shazad Butt and Rachid Redouane. bit.ly/2rYnE6p
Former Newcastle midfielder Cheick Tiote has died at the age of 30 after collapsing during a training session in China. bit.ly/2rY7qu4
The Independent
Technology companies have responded to accusations that they are not doing enough to stamp out extremist content online, in the wake of the weekend's brutal terror attacks in London that left seven people dead and several dozen more injured. ind.pn/2rYhu6z
