Pearl Harbor For Hiroshima?

The heads of the Group of Seven industrialized nations convene in Japan for their annual summit Thursday. The group is expected to take a strong position on the territorial disputes and China’s activities in the South China Sea, despite warnings from Beijing. The summit will also see President Obama visit the city of Hiroshima, where the first atomic bomb was dropped. Japanese Prime Minister Shinzo Abe ducked suggestions that he make a reciprocal visit to Pearl Harbor in Hawaii. Sponsored by: EVERYTHING YOU NEED TO KNOW, RIGHT NOW. #IBTPulse --------------------------------------------------------------- World Leaders Gather In Japan For G-7 The heads of the Group of Seven industrialized nations convene in Japan for their annual summit Thursday. The group is expected to take a strong position on the territorial disputes and China’s activities in the South China Sea, despite warnings from Beijing. The summit will also see President Obama visit the city of Hiroshima, where the first atomic bomb was dropped. Japanese Prime Minister Shinzo Abe ducked suggestions that he make a reciprocal visit to Pearl Harbor in Hawaii. UK’s Polish Migrants Vexed By Brexit The June vote that will decide Britain’s future in the EU has left the fate of more than 850,000 Poles living and working in the U.K. hanging in the balance. French Nuclear Plant Workers Join Strike Staff at 19 French nuclear power plants are going on strike Thursday, joining a series of strikes across various sectors protesting the government’s plans to reform labor laws in the country. For safety reasons, there are legal limits on strike action in the nuclear industry, so blackouts are not expected, but at least 4GW of France’s nuclear power capacity was affected Thursday morning. Abercrombie Earnings Not So Attractive Ohio-based apparel chain Abercrombie & Fitch is expected to announce a slightly reduced loss per share when it reports first-quarter earnings before markets open Thursday. The company, which has been operating without a CEO since Mike Jeffries stepped down in 2014, saw same-store sales rise for the first time in three years in the previous quarter, and a 1 percent rise is expected for this quarter. HERE'S WHAT YOU MISSED LAST NIGHT. Brent Oil Tops $50 Brent oil futures climbed above $50 a barrel on Thursday for the first time in nearly seven months, boosted after U.S. government figures showed a sharper-than-expected drawdown in crude stocks last week. Analysts expect prices to peak between $50 and $55, saying that despite supply disruptions, there was still a global oversupply. SEC Probes Alibaba Accounting Methods U.S. regulators are investigating the Chinese e-commerce giant’s accounting practices, to determine whether the New York-listed firm has violated federal laws, the company said Wednesday. The news saw Alibaba’s shares drop 7 percent during trading Wednesday. The probe focuses on accounting for logistics firm Cainiao Network, as well as operating data from its Singles’ Day sale – which is bigger than Black Friday and Cyber Monday combined. Twitter CEO Defends Company And Its Future Jack Dorsey found himself in the unenviable position Wednesday of having to explain to stockholders at Twitter’s annual general meeting what the company was and why it still exists. Twitter’s executive team promised that 2016 would be a “year of execution,” but live demos of new products at the event did not inspire confidence. China Will Not Accept Taiwan Independence China’s 1.3 billion people are united in their determination never to allow self-ruled Taiwan to become independent, China’s top official in charge of ties with the island was quoted as saying Thursday, in Beijing’s latest blast at Taipei. Officials in Beijing have been stepping up verbal attacks on the country’s new pro-independence president, Tsai Ing-wen, since she took office. One official went as far as to brand her an “extremist” because she is unmarried. AND THEN THERE'S THIS... Why Airport Security Checks Take So Long As airport security lines around the country have grown almost unmanageable, Washington has found no shortage of blame. Is it mismanagement at the TSA? Underfunding by Congress? Legislative flaws? IBT investigates. Minority NFL Coaches Still Face Uphill Battle Becoming an NFL head coach can mean traveling a long road. In many cases, a prospect begins as a player, then internships with a team before attempting to climb a challenging coaching ladder to the top position. But for aspiring coaches of color, the road to calling the shots on the field is littered with obstacles that white aspirants don’t necessarily face, according to a new study. 7 Hanover Square, 5th Floor, New York, NY 10004 © 2015 IBT Media Inc. All Rights Reserved. Please add pulse@ibt-mail.com to your contacts [Unsubscribe] | Privacy Policy