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Global Glance: North Korea threatens to cancel Trump-Kim summit; who will referee sports betting industry?



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Here are today’s top business headlines from across the nation and world:

North Korea threatens to cancel Trump-Kim summit over drills

SEOUL, South Korea (AP) — North Korea on Wednesday threatened to scrap a historic summit next month between its leader, Kim Jong Un, and U.S. President Donald Trump, saying it has no interest in a “one-sided” affair meant to pressure Pyongyang to abandon its nuclear weapons. The warning by North Korea’s first vice foreign minister came hours after the country abruptly canceled a high-level meeting with South Korea to protest U.S.-South Korean military exercises that Pyongyang has long claimed are invasion rehearsals. Read more

Who will referee billion-dollar sports betting industry?

ATLANTIC CITY, N.J. (AP) — Now that the U.S. Supreme Court has cleared the way for states to legalize sports betting, the race is on to see who will referee the multibillion-dollar business of gambling on pro and college games.The NFL, NBA and others want Congress to set uniform, nationwide rules on sports gambling for all states, saying the integrity of athletics is at stake. And an influential Republican on Capitol Hill, Sen. Orrin Hatch of Utah, quickly announced plans to push for such legislation. Read more

Trump Indonesia project gets Chinese government partner

NEW YORK (AP) — A Chinese government-owned company has signed on to build a theme park in a vast development in Indonesia that also features a Trump hotel and condos, a deal that stands to benefit President Donald Trump’s company just as top Chinese envoys head to Washington for trade talks. In a move that has alarmed Trump critics, an Indonesian company confirmed this week that it hired the subsidiary of the state-owned Metallurgical Corp. of China to build a theme park in its Lido City development outside Jakarta. The property owner three years earlier struck a deal for the development to include a Trump-branded hotel, 400 luxury villas and condos, and an 18-hole championship golf course. Read more

Novartis general counsel resigns over deal with Trump lawyer

GENEVA (AP) — Novartis said Wednesday its top lawyer is retiring over the Swiss pharmaceutical company’s relationship with a firm owned by U.S. President Donald Trump’s personal lawyer, Michael Cohen. The Basel-based drugs company said general counsel Felix Ehrat is stepping down after about seven years in post “in the context of discussions surrounding Novartis’ former agreement with Essential Consultants, owned by Michael Cohen.” Read more

Amazon to give Prime members extra discounts at Whole Foods

NEW YORK (AP) — It’s Prime time at Whole Foods: Amazon is rolling out discounts for Prime members at the organic grocer. The benefits start Wednesday at stores in Florida and will expand nationwide this summer. Prime members will get an additional 10 percent off sale items and exclusive deals on certain groceries. Read more

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