June 4, 2018 / 12:58 PM / 6 months ago

Monday Morning Briefing

North Korea’s top three military officials have been removed from their posts, a senior U.S. official said, a move analysts said on Monday could support efforts by the North’s young leader to jump-start economic development and engage with the world. here

Darryl Sumiki, 52, of Hilo, watches as lava lights up the sky above Pahoa during ongoing eruptions of the Kilauea Volcano in Hawaii, U.S., June 2, 2018. REUTERS/Terray Sylvester

Nobel Prize winning anti-nuclear campaign group ICAN has offered to pay for the cost of the historic summit between North Korean leader Kim Jong Un and U.S. President Donald Trump, including the hotel bill for the impoverished state’s leader.

a three-night stay at the fullerton would cost about $18,000, or roughly 3/100000th the price of a minuteman 3 icbm here

Libya is not North Korea. And those who think the "Libya model" is a precedent for either denuclearization or regime change in North Korea "are heading either for confusion or disappointment," writes Karl P. Mueller. Read more from Reuters columnists about the Korean peninsula. here

here

World

An estimated 25 people, including at least three children, were killed and nearly 300 injured on Sunday in the most violent eruption of Guatemala’s Fuego volcano in more than four decades, officials said. here

A kiss by Philippine President Rodrigo Duterte on a Filipino woman’s lips while on an official visit in South Korea sparked anger and jokes on Monday, as feminists denounced what they called his “perverted way” of taunting his female critics. here

Commentary: Italy’s political crisis is over – and has just begun, writes columnist John Lloyd. The populist government “now has to attempt to govern within the constraints of a heavily indebted country with high unemployment, low productivity, pervasive corruption and powerful organized crime networks." here

here

Afghanistan

A motorcycle suicide bomber killed at least eight people near a gathering of Muslim clerics in the Afghan capital after they had issued a fatwa against suicide bombings, officials said, in the latest in a series of attacks to hit Kabul. here

Nearly half all children in Afghanistan are out of school due to conflict, poverty, child marriage and discrimination against girls, the number rising for the first time since 2002, humanitarian organizations said in a report on Sunday. here

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Biz

With deal to close this week, Bayer to retire Monsanto name

Germany’s Bayer will wrap up the $63 billion takeover of Monsanto on Thursday and also retire the U.S. seeds maker’s 117 year-old name.

3 min read

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Airlines adjusting hedges, fares, capacity and fleet as oil price jumps

Airlines are locking in fuel hedges, lowering capacity, raising fares and retiring older jets to cope with rising costs alongside the highest oil prices since 2014, industry executives say.

5 min read

here

Software and stealth: how carmakers hike spare parts prices

Carmakers including Renault, Jaguar Land Rover and Peugeot have boosted revenues by over $1 billion in the past decade by using sophisticated pricing software, according to sales presentations prepared by the software vendor, Accenture, and other documents filed in a court case.

7 min read

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FDA wants to shorten new drug monopolies to cut costs

In an effort to increase competition and bring down prescription drug prices, FDA Commissioner Dr. Scott Gottlieb wants to speed approval times for rivals to promising new first-to-market medicines.

5 min read

here

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RTV

Whale dies after swallowing 80 plastic bags

U.S. weighs more South China Sea patrols

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