June 18, 2018 / 11:29 AM / in a month

Monday Morning Briefing

Good morning. While Mexicans jumping in jubilation after their World Cup victory set off earthquake detectors, a real quake unfolded in Osaka, Japan’s second largest city, causing havoc and killing at least three people.

A water-filled crack on a road after water pipes were broken due to an earthquake is seen in Takatsuki, Osaka prefecture, western Japan, in this photo taken by Kyodo June 18, 2018. Mandatory credit Kyodo/via REUTERS

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HIGHLIGHTS

Global stocks slid and U.S. oil prices slumped after Trump announced tariffs on Chinese goods and Beijing responded with similar measures in an escalating trade dispute. China’s threat to impose duties on U.S. oil imports will hit a business that has soared in the last two years, and which is now worth almost $1 billion per month. 

Blockchain explained: Do you understand the technology that underpins bitcoin? As more possible uses for blockchain emerge, see exactly how it works with our interactive guide. Read more Fintech coverage here.

Germany woke to gloomy headlines of “chaos” and “humiliation” today after the defending World Cup champions fell 1-0 to Mexico in a shock opening defeat in Russia. Mexicans jumping in jubilation shook the ground hard enough to set off earthquake detectors and throngs danced in the streets after their team scored the surprise victory. Read the latest World Cup coverage here

WORLD 

A magnitude 6.1 earthquake shook Osaka, Japan’s second-biggest metropolis, early today, killing three people, halting factory lines in an industrial area and bursting water mains, government and company officials said. 

Hungarian Prime Minister Viktor Orban's push to force Budapest’s renowned Central European University out of the country throws the battle over the European Union's future into stark relief. The CEU was founded by Hungarian-American hedge fund manager George Soros, who, despite decades of philanthropic efforts in Eastern and Central Europe, was widely vilified during Orban’s election campaign. “Soros espouses the values of radical cosmopolitanism against those of radical nationalism,” writes columnist John Lloyd for Reuters Commentary. 

 The outcome of Turkey’s elections on Sunday could depend on a jailed presidential candidate’s sway over voters more than 750 miles away in the country’s largely Kurdish southeast.

Syrian state media said that U.S.-led coalition aircraft bombed an army position in the east, causing deaths and injuries, but the U.S. military denied it was responsible.

BUSINESS

A master distiller and a crop scientist who specializes in corn breeding are working on a project they hope one day will help bring local identities to American whiskeys.

Researchers at The Rockefeller University in New York have made a component, RU-505, which can be used to slow the progression of Alzheimer’s disease in mice. See more on the Future of Healthcare

The head of Volkswagen’s luxury arm Audi was arrested today, the most senior company official so far to be taken into custody over the German carmaker’s emissions test cheating scandal.

REUTERS TV

Father’s Day ignites protests and debate over Trump’s new ‘zero tolerance’ immigration policy, leading to the separation of families at the Southwest U.S. border. Tamara Lindstrom reports.

Father's Day brings protests of separating migrant families
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