Friday, May 25, 2018

Samsonite says it has nothing to hide, but shares plunge again

Samsonite's stock fell more than 12% on Friday, deepening its losses after investment firm Blue Orca accused the company of questionable business practices.

GDPR is here: What you need to know about Europe's new data law

Read full story for latest details.

Summit shock fades; Samsonite struggles; Europe's big data day

1. Global market overview: Market sentiment has recovered from the shock news that the United States would not hold a June 12 summit with North Korea to discuss its nuclear weapons program.

Samsonite says it has nothing to hide, but shares plunge again

Samsonite has fired back at an investment firm that accused it of questionable business practices, but its response failed to reassure shareholders.

Bound and Gagged With Duct Tape at Work, She Takes On Scottish Government

A 2010 photograph showing DeeAnn Fitzpatrick, who worked at Marine Scotland, gagged and taped to her chair. Ms. Fitzpatrick has sued, accusing co-workers of a campaign of harassment.

China Tries to Erase Taiwan, One Ally (and Website) at a Time

The changing of the guard at Chiang Kai-shek Memorial Hall in Taipei, Taiwan’s capital. China’s recent efforts to isolate Taiwan, diplomatically and otherwise, have been its most intense in decades, people on the self-governing island say.

Ireland’s Abortion Vote Becomes a Test for Facebook and Google

Ireland’s abortion referendum on Friday has turned into a test of whether Facebook and Google can prevent foreign meddling from swaying the outcome.

The Off-Again Meeting With North Korea

President Trump at the White House.

Bombing at Ontario Indian Restaurant Leaves 15 Injured

The police released this photo of two people suspected of bombing an Indian restaurant in Mississauga, Ontario, a city near Toronto.

How Trump Got Outplayed on North Korea

President Trump in the Oval Office after making remarks about the North Korean Summit on Thursday.

G.D.P.R., a New Privacy Law, Makes Europe World’s Leading Tech Watchdog

The European Union on Friday enacts the world’s toughest rules to protect people’s online data.

Boston Globe Finds Itself Uncomfortably in the News

Exchange Place in Boston is home to The Boston Globe, which has been roiled by controversy in recent months.

Potential Auto Tariffs Prompt Warnings From Industry and Allies

The president has often vowed to defend and strengthen American manufacturing, but some critics believe that he doesn’t take into account the complex web of materials and components that are sourced from around the world.

EMERGING MARKETS-North Korea stance lifts emerging stocks, lira lays low

LONDON, May 25 (Reuters) - Emerging stocks rose on Friday as North Korea's conciliatory tone helped sentiment recover after U.S. President Donald Trump called off a key summit, but Turkey's lira laid low following its worst week since 2009.

Ireland Abortion Vote: ‘It’s Not a Man’s Issue,’ but Male Turnout Is Crucial

Anti-abortion posters this week in Dublin.

UPDATE 1-Partners Group consortium to buy Techem in $5.4 bln deal

* Deal expected to close in Q3 (Adds further details on deal, background)

Facebook and Google are already facing lawsuits under new data rules

Europe's sweeping data protection law came into force on Friday. And legal experts say big tech companies are already violating the new rules.

UPDATE 5-Oil prices fall as OPEC and Russia weigh output boost

* OPEC, non-OPEC producers to meet in June to discuss production (Adds quotes, detail, updates prices)

UPDATE 1-Bayer cuts Monsanto synergy target by $300 mln due to divestments

* Bayer sees deal closing in near future (Adds background on antitrust reviews, divestments)

China to use cornerstones to help Alibaba, Xiaomi list in mainland - sources

* Alibaba, Xiaomi furthest along the CDR planning path - sources

US auto import curbs would have major impact on Japan steel demand-industry group

TOKYO, May 25 (Reuters) - Japanese steel firms are worried that potential U.S. auto import curbs could have a major impact on demand for their products, the new head of an industry group said on Friday.