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Six FIFA officials were arrested on corruption charges in a dawn hotel raid—and there’s more to come

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6 hours ago

FIFA officials arrested in Zurich

  Swiss authorities arrested several officials (paywall) from soccer’s global governing body at a five-star hotel in Zurich as part of an investigation into alleged widespread corruption that spans two decades, The New York Times reports. The officials will be extradited to the United States, where they face federal charges of racketeering, money laundering, and wire fraud.
1 hour ago

The new British government lays out its stall.

  Queen Elizabeth II will read a speech written for her by prime minister David Cameron’s team following his election victory. The program will include plans for a referendum on Britain’s future in the EU but may skip plans to scrap the Human Rights Act.l.
6 hours ago

Hackers targeted the US’s Internal Revenue Service.

  They pilfered records filed by 100,000 households and tried to steal as many as 100,000 more. The IRS’s technology is severely outdated, tax officials warned earlier this year, with some applications dating back to when John F. Kennedy was president.
May 26, 2015

Iraqi forces set out to beat back ISIL.

  More than a week after the Islamic State captured Ramadi, capital of Anbar province, Iraq’s military and Shi’ite militias have launched a push to reclaim Anbar and neighboring Salaheddin. The Shi’ites say they are in charge of the campaign—a risky, and worrying, development in the primarily Sunni area.
May 26, 2015

A recipe for a “healthier” Pizza Hut and Taco Bell.

  The two Yum Brands restaurant chains announced they would eliminate artificial coloring and flavors from their products. The decision comes as more fast food restaurants and processed food makers try to appeal to people looking to eat healthier.
May 26, 2015

Charter is buying a very expensive Time Warner Cable.

  Charter, the US’s fourth-largest cable company, has announced it is merging with TWC in a deal that values it at $79 billion, including debt, and creates the country’s second-biggest cable provider. Charter is paying around $195.71 per TWC share. Here’s why this deal is happening.
May 26, 2015
Chart of the Moment

PayPal is finally becoming a mobile payments company

May 26, 2015

Amazon had a tiny German tax bill.

  The online retailer paid Germany $16 million in taxes while making $11.9 billion in sales in 2014, because it routed most of its revenue through Luxembourg. Under pressure from EU authorities, Amazon said last week it has now started reporting income on a country-by-country basis.  
May 26, 2015

India’s heatwave continues claiming lives.

  At least 800 people have died in the past few days in temperatures of up to 122°F (50°C). Andhra Pradesh is the worst-hit state, but the heat has engulfed large parts of the country, including New Delhi where the roads were melting. Meteorologists don’t predict a reprieve soon.

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