North Korea Reportedly Launched Another Projectile Believed To Be A Ballistic Missile

In a show of strength, the reclusive state launched a projectile which flew for 30 minutes and eventually landed in the Sea of Japan. Japan swiftly issued a protest. Last week South Koreans elected Moon to replace conservative Park Geun-hye, who is in jail awaiting a corruption trial. "The president has been briefed on the latest missile test by North Korea", Spicer said in a statement.

Aso, Mnuchin agree on cooperation over N. Korea

Some 1,500 police officers and 600 surveillance cameras were deployed within and around Bari , according to authorities. President of the German Federal Bank Jens Weidmann arrives for the opening session of the G7 of Finance ministers in Bari , southern Italy, Friday, May 12, 2017.

OPEC Crude Oil Production Unchanged in April: Platts

They also pointed to higher-than-expected United States oil production. Investors are anxious that Opec nations will fail to rein in output further at their next meeting later this month. Brent crude settled at US$48.38, or 4.75 per cent lower, after tumbling as much as 5.17 per cent during the session. "Markets are losing faith that the global inventory glut will disappear on OPEC's cuts", said Michael Poulsen, an analyst at Global Risk Management Ltd.

Europol says cyberattack is of

Europol says cyberattack is of "unprecedented level"

A company spokesperson declined to confirm media reports that production at the plant, which employs 7,000, had been halted. But he says the same thing could be done to crucial infrastructure, like nuclear power plants, dams or railway systems.

France to welcome new president

France to welcome new president

Many of them feel dispossessed as manufacturing jobs move overseas and as immigration and a fast-changing world blur their sense of a French identity. As per protocol, Macron and Hollande will meet for a private talk before the ceremony when, among other things, the nuclear codes will be passed on.

Bank of England sees sharper inflation and slower growth in 2017

The Bank of England (BoE) has upgraded its forecast for inflation in 2017 from 2.4% to 2.7%, while it is projecting slightly slower GDP growth of 1.9%. The financial market instruments which the Bank of England uses to construct its economic forecasts have fully priced in an interest rate rise only in the final three months of 2019, nine months later than in the last set of forecasts in February.