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Google has revealed that its strong presence in smartphones has allowed it to generate disproportionate growth and profits in the last quarter, less than a week after A fine of 4.3 billion euros on the how it limits competition through its Android mobile software.
Google's parent Alphabet climbed 4% in the secondary market, with Wall Street experiencing another period of accelerated growth.
The Brussels fine managed to cut 60 percent of Alphabet's profits in the second quarter. However, investors have looked over the latest evidence that its Android strategy has been a commercial success, despite the fault of the regulators.
Donald Trump is considering revoking the security clearances of John Brennan, the former director of the CIA, and other retired intelligence chiefs who criticized his approach to Russia. (FT, NYT)
The EU will pay migrants
Brussels will offer EU governments 6,000 € for every migrant captured by boats stranded in the Mediterranean, as part of plans to ease the pressure of immigration government. (FT)
Anger over the latest vaccination scandal in Beijing
More than 250,000 doses of diphtheria, tetanus and whooping cough vaccines were distributed to medical centers in China the year last. and prompting Xi Jinping to request a probe. (FT, NYT, Caixin)
Progress in Pyongyang
North Korea appears to have begun dismantling a missile launch center, according to satellite imagery, which could be the first concrete sign Progress since Donald Trump and Kim Jong Un was met in June. (FT)
Potential BoJ policy change worries markets
Worries that Bank of Japan may adjust monetary policy on Monday, causing the biggest jump in Japanese government bond yields in two years the 10-year Treasury yield. (Nikkei Asian Review, FT)
The Race to Flip Phones
China's Huawei Technologies, the world's third-largest smartphone maker, plans to roll out the first foldable handset with a flexible display in front of its most Samsung Electronics's big rival, according to industry badysts and sources. (Nikkei Asian Review)
The day ahead
US Profits
An important week for US profits continues. An increase in telephone subscribers is expected to boost Verizon Communications' profits in the second quarter, while strong missile and firefighting sales should help Lockheed Martin to post higher revenues and profits in the second quarter. The US AT & T wireless carrier is expected to post a rise in earnings in the second quarter and investors will seek comment on the US Department of Justice's appeal of the decision that allowed AT & T's 39, buy Time Warner. (FT)
Final countdown of Pakistan
Pakistan goes to the polls on Wednesday and badysts predict a close fight between the Pakistan Muslim League – Nawaz and Pakistan Tehreek-e-Insaf, led by the former charismatic cricket captain Imran Khan, who is the subject of Big Read today. (FT)
Keep up to date on major business, economics and politics in the coming days with the next week of the FT
reading
Addiction to smartphones: the balancing actor of the great technologies
Apple claims never to want people to spend all their time on their mobile devices. But in terms of smartphone addiction, where will Apple, Google and Facebook go when their business models are so closely related to those same eyes? (FT)
Revenge on the United States is sweet for Putin
The Russian president derives satisfaction from America's embarrbading, writes Gideon Rachman. Vladimir Putin's worldview is based on the idea that the West has weakened and humiliated Russia for decades. (FT)
The Battles of May
"She has a wide and expressive mouth that cracks into grimaces and betrays an inner turmoil, while the emerging sentences are often circular and devoid of clear meaning." the New York profile of Theresa May, the Brexit and the uncertain future of the United Kingdom. (New Yorker)
"A Different Version" of Tiger Woods
The professional golfer was briefly in the lead in the last round of the British Open, but tied for sixth place. At 42, he's not too old by golf standards. He could be author of another act in his storied career. (WSJ)
My Perfect Summer
How to Spend Your Vacation: Ambbadadors, Adventurers and Chefs on the Art of the Great Getaway. (FT)
Sumptuous lifestyles of wealthy Chinese domestic animals
Five decades after President Mao's Red Guards killed pet dogs – a "bourgeois" accessory – young Chinese women are increasingly lavishing from money to animals. After enriching its owner, this border collie now lives in a $ 500,000 pet mansion. (WaPo)
Video of the Day
Factory Floor: Inside Raleigh HQ
The FT visits the Nottingham Headquarters of the Raleigh Bicycle Company, founded in the 1980s 1880 and houses iconic bikes such as the Chopper, Grifter and Burner. The company has been very successful but has gone through a turbulent period and is now focusing on e-bikes. (FT)
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