What to watch for today
E3 Expo 2016 begins. The world’s premier video-game convention returns to Los Angeles, with a focus on new hardware. Sony announced a slew of new games ahead of the event and details of Microsoft’s new pared-down Xbox One were leaked.
Diplomats gather in Oslo to talk Tehran. US secretary of state John Kerry, Iranian foreign minister Mohammad Zarif, and EU foreign policy chief Federica Mogherini will meet to discuss the Iran nuclear deal. The Oslo Forum is an annual meeting of leaders focused on mediating and resolving global conflicts.
Valeant holds its annual shareholder meeting. Last week, the pharmaceutical giant saw its stock slip to its lowest level in nearly six years after it slashed its outlook for the year and reported poor results. Today it faces angry investors in a live-streamed meeting.
Southeast Asian leaders discuss borders with Beijing. Foreign ministers from 10 countries are meeting in China for talks over territorial disputes in the South China Sea. China claims most of the sea, but countries including Malaysia, the Philippines, Brunei, Vietnam, and Taiwan have competing claims.
While you were sleeping
ISIL claimed responsibility for the murder of a French policeman. The 42-year-old police officer and his wife were stabbed to death at their home in Paris on Monday night. The attacker was under surveillance since 2013 for helping Islamist militants go to Pakistan.
German government bond yields dropped below zero. For the first time ever, yields on the 10-year bond dropped into negative territory, reflecting investor skittishness at slow economic growth, the potential disruption if the UK votes to leave the EU, and other ills.
Japan’s industrial production perked up. Manufacturers delivered a much better performance (paywall) than expected in April. Industrial production rose 0.5% month-on-month, versus expectations for a 1.3% decline.
Malaysia barred its Islamic airline. Rayani Air, which launched last December offering only halal food, no alcohol, and a modestly dressed crew, had its certification stripped for breaching safety regulations.
The world mourned those killed in Orlando. Even in places where being gay is illegal or dangerous, like India and Russia, people gathered to commemorate the 49 victims of the weekend shooting at Pulse nightclub, a popular gay bar. Sydney and Paris lit city monuments in rainbow colors.
Quartz obsession interlude
Mike Murphy on Microsoft’s blockbuster purchase of LinkedIn: “LinkedIn already is a go-to site for salespeople looking to learn more about clients, leads, and companies. Now it’ll be part of a suite of products that Microsoft’s salespeople can hawk to business customers.” Read more here.
Matters of debate
Inequality isn’t making us sick. A study of Swedish lottery winners shows they don’t get any healthier after financial windfalls.
Want more entrepreneurs in the US? Fix the student debt crisis. Bill Clinton thinks the current system is “insane.”
We’re near the end of the fossil-fuel era. We’re not running out—the alternatives are just getting cheaper.
Germans are no longer the world champions of nude sunbathing. Neighbor Austria has nabbed the crown.
An Indian minister’s tweet about a broken fridge went viral. “Brother I cannot help you in matters of a Refrigerator. I am very busy with human beings in distress.”
Robots are working at Belgian hospitals. The humanoid robots work as assistants at reception desks in Liege and Ostend.
Facebook accidentally declared war in the Philippines. It has apologized for not using the country’s peacetime flag.
Mongolia is changing its addresses to three-word phrases. The vast country is using an app that assigns unique phrases to 9-square-meter spots linked to GPS coordinates.
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